Excess Roth IRA Withdrawal - Withdraw more than required?
First time I've had this fun. I'm under 59 1/2 and understand pros/cons of 6% yearly.
Opened up Roth IRA in 2021, turns out MAGI was higher than expected and TurboTax is suggesting I withdraw say $2000. I understand I will pay 10% penalty on any earnings of that $1000.
My question though - Can I withdraw more than $2000 (say $2500) without violating any laws/rules or additional* penalties? (*Realizing still 10% on any earnings).
February 18, 2022
9:46 PM
