Guest jmndn Posted January 27, 2002 Posted January 27, 2002 MY INCOME EXCEEDED THE LIMIT FOR CONTRIBUTING $$ INTO A ROTH ACCOUNT...DUE TO ALOT OF OVERTIME. WHAT TYPE OF PENALTY AM I LOOKING AT?
BPickerCPA Posted January 28, 2002 Posted January 28, 2002 None, if you withdraw or recharacterize the excess. Recharacterization is the better option. Barry Picker, CPA/PFS, CFP New York, NY www.BPickerCPA.com
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