You just discovered that you contributed too much to your Roth IRA, now you have to go through the process of removing those contributions to the account, calculating earnings, and paying taxes and penalties. Depending on when you discover the error you may have a few options available to you and there could also be a tax strategy involved in the process.
Contact Michael Ruger with Questions: 518-477-6686 or mruger@greenbushfinancial.com
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