ROth IRA Check bounced after the dead line – Any recourse?

Submitted by Swarna Pamidimukkala on Fri, 2017-04-21 18:16

HI,

I deposited a check (2016 contributions) into my ROth IRA on April 18th 2017 at Scottrade and unfortunately did not realize that particular checking account did not have sufficient funds.

when I requested them if they could deposit the same check again, they said they cannot do that.

Is there anything I can do to make my 2016 contributions?

Thank you!



Submitted by Alan - IRA critic on Fri, 2017-04-21 19:40

For 2016, an IRA contribution can no longer be made. Last minute contributions are risky because there is always a chance of something going wrong and there is no time to fix it.

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