Anonymous
Not applicable

Retirement tax questions

I was told by someone on here to wait until October 2019 to file the penalties.

 

But what I'm really trying to understand is what the penalty will be on.

 

Someone on here said I only have to pay the 6% penalty on the $5500 and not on the earnings as long as I don't contribute this year.

 

So just trying to understand that.


Thanks