Skip to main content
No. of Recommendations: 0
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
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.