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I'm cross-posting this on the Sharebuilder account - I can use all the help I can get :)

Okay, here's my dilema.

I over-contributed to my Roth IRA through Shareholder last year to the tune of $2000. Yep, I wasn't actually authorized to contribute anything. I haven't filed taxes yet due to an extension, and I'm getting prepared in that direction. I have to pay the 6% penalty on my deposit and it's earnings, LOL, which, due to recent times, are quite in the negative.

I don't suppose that since I've taken a loss in my account, that would in some way balance out the deposit that I made? Should I wait to make the withdrawl until the absolute last minute, so that hopefully my account will reach towards where it was previously, or do I take the loss now?

Any thoughts/ideas are appreciated.

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