Guest Bobclp Posted July 13, 2001 Posted July 13, 2001 Client opened 2 different Roth IRAs and put $2,000 in each. Is there a penalty? What does he need to do?
BPickerCPA Posted July 13, 2001 Posted July 13, 2001 The penalty is 6% of the excess, if not removed by 10/15 of the following year. Barry Picker, CPA/PFS, CFP New York, NY www.BPickerCPA.com
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