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URL:  https://boards.fool.com/tmfpixy-writes-in-part-whats-really-of-11395742.aspx

Subject:  Re: Maximum IRA Contribution for 2? Date:  10/20/1999  12:25 PM
Author:  Bob78164 Number:  14686 of 103822

TMFPixy writes (in part):

What's really of interest is whether the custodian would allow the overcontribution and how long it would take before the IRS said enough's enough and voided the IRA.

I reply:

The easiest work-around for any potential problems with the custodian would be to open IRAs with different custodians and contrbute $2000 to each. The real problem is with the IRS. I imagine we'd be talking back taxes, penalties, and interest, but that's just a guess on my part. --Bob
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