Actually, you can just recharacterize the excess contribution (plus earnings, if any, else minus losses) over to a traditional IRA. I'm not sure how the penalty works, but it would make sense that the penalty would start applying to earnings (once the market turns around) as well as excess contributions.It would probably make your life simpler to look into recharacterizing the money.Regards,LooseChange
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra