I am planning on setting up regularly contributions to my Roth IRA during the remainder of the year. Let’s say $250 weekly for 26 weeks, so $6,500 total.
What happens if at the end of the year, I am over the Roth IRA income contribution limit? For example, my income ends up at $145k for 2023? My income is variable and I am just close to that threshold.
Do I need to withdraw the funds? Transfer them? Or what needs to be done?
Submitted June 28, 2023 at 03:55AM by Imtos77 https://ift.tt/7u2yhwN
