My new employer automatically contributed an amount that puts me up at about $4,000 in 2019. What happens if I just spend the excess $500 this year?
Also, if that isn't a good idea, then what do I need to do to roll that over into next year without being penalized? Since it just happened, would I only be taxed on this $500 at 6% annually, for (roughly) 3 months? So it would only be a $7.50 penalty? I'm certainly okay with that penalty to avoid any additional hassle.
