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As usual, I agree with Phil. Mostly.

I have heard of some custodians who don't want to calculate how much to withdraw to correct an excess contribution. I have no idea why they won't, as they have all the necessary numbers in front of them. And the calculation is not tough.

If you happen to have one of those less helpful custodians, post back and I'm sure several folks will be happy to help you with the calcs. As Phil noted, it appears you have the wrong idea on how to do that. You don't look at what you bought with the contribution. You have to look at the whole account.

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