Nancy may also make regular, annual IRA contributions to her SEP-IRA, if her SEP-IRA allows this, or contribute to her Roth IRA at XYZ Investment Co. Her total traditional IRA and Roth IRA contributions cannot exceed $5,500 for 2014 and may be made in addition to her SEP contributions.
Finallyâ¦. When the judgment is paid in full, be sure to get a fresh copy of your credit report to determine that it is being reported on your credit report as paid. Nothing will hurt your creditworthiness more than to have a credit report showing that you have a judgment against you that remains unpaid. You can get your free annual credit reports on AnnualCreditReport.com. You can also watch for changes by getting your free credit score every month on Credit.com.
The judgment should also be removed from your credit report seven years from the date it was entered. The bad news is the judgment will still be there, even though you can't see it on your credit report, lurking in the shadows, waiting for the worst possible time to leap out and surprise you.