The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Leveraging a Roth Date:  9/18/1999  2:54 PM
Author:  cyberus Number:  18953 of 127616

I've also read that one can contribute more than $2,000 per year, with a 6% penalty (tax) on the excess over $2,000.

Thats a 6% penalty on the overage and gains on overage every year until corrected.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us