Berkeley CSUA MOTD:Entry 52354
Berkeley CSUA MOTD
 
WIKI | FAQ | Tech FAQ
http://csua.com/feed/
2025/05/25 [General] UID:1000 Activity:popular
5/25    

2009/1/11-15 [Uncategorized] UID:52354 Activity:nil
1/11    If I contribute more than the contribution limit to my Roth IRA
        (i.e. $5000), what happens? Is there a penalty? Thanks.
        \_ I think your bank/institution will stop you if you try.  If
           you use multiple institutions, it'll get reported to the
           IRS who'll eventually spank you for it somehow.
        \_ If I contributed but ended up making too much money, can I
           say "I'm sorry, I won't do it again" or un-contribute?
        \_ http://tinyurl.com/a5aezf --oj
           \_ Thanks oj, that was funny. -ausman
Cache (244 bytes)
tinyurl.com/a5aezf -> letmegooglethatforyou.com/?q=contribute+too+much+to+IRA
Advertise This is for all those people that find it more convenient to bother you with their question rather than google it for themselves. Inspired during a lunch conversation with @coderifous, @tmassing, @rmm5t, @EricStratton, and @methodvon.