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Unexpectedly now make more than Roth IRA income limit after already contributing money this year
Unexpectedly now make more than Roth IRA income limit after already contributing money this year I auto contribute money to my spouse and I’s Roth IRA account. We both moved jobs recently and now jumped over the income limit disallowing us to use a Roth IRA. I understand I can use the backdoor Roth in the future, but how would I fix this year’s contributions? Would I just take out the money that was contributed in 2024? What happens to the ...
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