Getty / Alexander Yates. The Lincoln last name means from the lake colony, or one who came from Lincoln, England. Derived from the Welsh element lynn, meaning lake or pool and the Latin element colonia, meaning colony..Surname Origin: English.Alternate Surname Spellings: LYNCOLN.etty / Alexander Yates. The Lincoln last name means from the lake colony, or one who came from Lincoln, England. Derived from the Welsh element lynn, meaning lake or pool and the Latin element colonia, meaning colony..
You can deduct your contributions if you qualify. Your contributions arenât deductible. How much can I contribute? The most you can contribute to all of your traditional and Roth IRAs is the smaller of: $5,500 (for 2015 - 2018), or $6,500 if youâre age 50 or older by the end of the year; or; your taxable compensation for the year. What is the deadline to make contributions? Your tax return filing deadline (not including extensions). For example, you can make 2017 IRA contributions until April 17, 2018. When can I withdraw money? You can withdraw money anytime.
If you are over the age of 50, you can make a catch up contribution of $1,000 for a total contribution of $6,500 each year. There are ways to change your investment allocation if you contribute too much money to your Roth IRA that can help you avoid paying penalties.