<prompt> Human: After January im going to have some funds that id like to put open a roth IRA with - I hope to have 5.5k to max it. Its my understanding I could contribute to a 2014 IRA until April. Do I have to say which year im allocating into, when I fund my IRA? For example I may have 5.5k in February and then have another 5.5k later in the year. so the first 5.5 I contribute I should be sure to say im funding 2014, right, so I can put another 5.5k in later in the year for 2015?  <response>: Do I have to say which year im allocating into, when I fund my IRA? Yes. When you contribute to an IRA, there is usually a box there to select what year you want the contributions to count towards.You can contribute 5,500 toward the 2014 tax year as long as you do so before April 15th, 2015 and you earned at least 5,500 between Jan 1, 2014 and Dec 31, 2014. 