Thank you so much for taking the time to reply and thoughtful response I really appreciate it.
So my last question is, well more of a scenario (please let me know if this is viable).
Both my spouse and I complete F5329 forms for the tax years that we had the excess contributions and pay the 6%. For the 2025 filing we can mitigate the prior year contributions before 4.15.26 by pulling that money out, which would negate the penalty for 2025.
So the question now is, are the prior year excess contributions and their removal tied to the calendar year ending or the tax year filing date? If its the filing date, I can get get those contributions out so the 2025 6% penalty would not apply, if I am understanding the code correctly.
