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Author: Abhyasi One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Re: Maximum IRA Contribution for 2? Date: 10/12/1999 2:06 PM
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Thank you both for the helpful replies.

Another max contribution detail I've yet to discover is: what's the penalty for contributing over the max 2K per year? Will it simply be rejected by your broker? Does it invalidate the entire IRA, or is the amount over 2K simply taxed differently?

I'm trying to determine if a signifigant investment return could offset an over-contribution penalty. Thanks yet again.
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