What happens if I Make an Excess IRA Contribution?

January 26th, 2011

Generally, an excess IRA contribution is the amount contributed to an individual’s Traditional IRA and Roth IRA for the year that is more than the above limits. Regular (not rollover) contributions made in the year a person is age 70½ and any later year are also excess contributions unless made to a Roth IRA. An excess contribution […]

Read More →




What are the IRA Contribution Limit Rules?

January 26th, 2011

For 2010 and 2011, the most that an individual can contribute to a traditional IRA or Roth IRA generally is the smaller of

Read More →