So I just set up a ROTH IRA for myself in around 2016 and maxed 2016 and put in about $4k for 2017. My brother helped me start a ROTH IRA with another company, he put some funds in for FY2015 and I just found out he put in some last year that put me over the limits for FY2017.
How do I go about rectifying this?
I read somewhere that I can pay a 3% to 6% penalty to recharacterize it to FY2018? but could use a lot of details. Most all of the funds have been put in the market.
- What do I have to do? Any thoughts or recommendations. Really appreciate it. Should I have all of my ROTH IRA funds with one company?
Thanks.
Submitted February 27, 2018 at 10:34AM by GeopoliticalTaper http://ift.tt/2FyEwoh
