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I know the education IRA limits increased this year finally making them worth look at in my opinion. Unfortunately for me there are phase out limits for contributions, just like regular IRAs. The problem is that the last day to contribute to an ED IRA is 12/31 not April 14. Being self employed I could find myself in a position of over contribution. In a traditional IRa I can do my Profit and Loss and figure that stuff out and I have 3 1/2 months to contribute, but I nor do others have that same luxery with an ED-IRA any suggestions.
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