Search found 3 matches

by johnnylawrwb
Wed Jun 21, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Excess Contributions to Roth IRA
Replies: 4
Views: 460

Re: Excess Contributions to Roth IRA

Thanks a ton for your help, Alan. The clarity of your information is much appreciated.
by johnnylawrwb
Tue Jun 20, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Excess Contributions to Roth IRA
Replies: 4
Views: 460

Re: Excess Contributions to Roth IRA

Thanks for your help Alan. So to be clear, if we do end up withdrawing earnings from prior years, I'd pay 10% penalty + taxes, correct? I don't think she wants to maintain the extra account. She doesn't expect to ever be able to contribute to it (in the foreseeable future), so she's going the route ...
by johnnylawrwb
Mon Jun 19, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Excess Contributions to Roth IRA
Replies: 4
Views: 460

Excess Contributions to Roth IRA

I have spent the last two hours reading every thread I can find on here (Alan S. is a sage), and just want to completely nail down what I've compiled. I'm helping a friend with an issue revolving around contributing to a Roth-IRA for the past few years while making too much money. Regarding the 2016...