Both my wife and I have Fidelity IRA accounts, but I've never fully utilized it. I'd like to seed this account throughout the year, but I have questions:
- How much money can I put in per year? What if I exceed it?
- With the Roth IRA, is there an income threshold? We file jointly, and average around $180k per year.
- Does Fidelity provide any kind of metering or reporting to make sure I do this correctly?
- Also, I'd like to use a targeted retirement fund (like Fidelity Freedom 2035 Fund FFTHX) - can I use this in my Roth IRA account?