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Excess Deferral (to 401k & TSP) in 2021
Hello,
I filed my 2021 Tax Return back in April 15th. Later on, I noticed that I have over-contributed to retirement plans.
For context, I had two employers during 2021.
Previous one, I contributed exclusively to my Roth 401k.
Current employer (Federal), I exclusively to my Roth TSP.
The combined contributions exceeds the federal limit ($19500) by a considerable amount. What would be the ideal set of actions I take given this situation?
‎July 6, 2022
3:28 PM