Ask Terry Questions IRA Contribution

IRA Contribution

By Terry Savage on December 18, 2022 | Financial Planning / Retirement

Hi Terry, I have $3,500 left to contribute to my IRA account for 2020, If I deposit this money in a cash reserve account with my brokerage (Betterment)will this deposit count toward my contribution of $7000 for the year?
Thank you so much!

Terry Says

Only if that account is TITLED as an Individual Retirement Account!!

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