The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/i-know-this-is-coming-late-but-ive-also-just-16793141.aspx

Subject:  Re: Overcontributed to Roth Date:  2/25/2002  7:58 AM
Author:  OneLostFool Number:  33874 of 75833

I know this is coming late, but I've also just discovered that I over-contributed to my Roth IRA in 2001.

After reading IRA Pub 590, the section titled "Can I Contribute to a Roth IRA?" I noticed this note at the very bottom:

Applying excess contributions.
If contributions to your Roth IRA for a year were more than the limit, you can apply the excess contribution in one year to a later year if the contributions for that later year are less than the maximum allowed for that year.


Can I ask what action you decided on and how it worked out for you? I'm thinking of trying out the solution above.

OLF


Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us