Over Contributed to Your 401k, IRA or Roth IRA? How to Correct Excess Contributions To Avoid a Tax Penalty

The article below shows what options you have if you mistakenly over contributed to your employer 401k plan or IRA. Over Contributed to Employer Sponsored 401(k) Plan Firstly, congratulations on having reached your annual maximum contribution. But over contributing to your 401k (or IRA plan as discussed below) subjects you to the …

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