Related Posts
Long or short USD/EUR? Why?
More Posts
Undershirt or nah?
How worried is everyone about Corona virus?
What will be my in-hand salary?
How much time your divorce procedure took?
Blesseth tf up
Additional Posts in Personal Investment Chatter
Tesla is going to trigger a broader crash IMO
PSA: TIME IN THE MARKET > TIMING THE MARKET
Marcus HYSA rate cut down to 2.0% :(
Have your brokerage recharacterize the over contribution to traditional Ira. You will have to pay tax on the earnings. If you have no traditional Ira balance, just convert it back to Roth.
Cool. In step 2 is it a recharacterization of funds back to ROTH, or conversion? From reading I think the latter.
So you are saying you put in 6k and it’s now worth 8k?
That’s the point. It’s not meant to just stay at 6k, it just means you gained 2k on a 6k investment. That’s normal.
Accidentally did the same with my 401k (changed employers this year and the sum of my contributions is > the max).
Any thoughts?
Contact your 401k administrator