This year I decided to open a Roth IRA to start saving for retirement. I am 19 years old and thought it would be best to get a head start on it now while I have less expenses. The problem is I didn’t do enough research and made mistake of maxing my Roth for 2020 when I have no earned income for the year. I had money saved from previous years and thought it was fine to use that. I ended up working DoorDash and made around $800, still way less than the required $6000. The Roth IRA now has $6500 sitting in it after some profits, and I’m not sure what to do. I read online that I committed a crime and now I’m really worried. Any help would be awesome, thank you.
Submitted December 18, 2020 at 11:29PM by vial_of_boxers https://ift.tt/34rSkPj
