“I overcontributed to my Roth IRA. Help!” (Listener Intervention)

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 24 September 2021

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What happens if you contribute more to a Roth IRA than you’re allowed??? Asking for a friend. Today, Nicole spares a listener from fees galore. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.1	Wall Street has been completely upended by an unlikely player. Game stop.
0:08.8	That's a good one.
0:09.8	Ian and should I have a 401k because you don't do it?
0:12.6	No, I know.
0:14.2	What's that?
0:15.2	I don't think the whole world will revolve around you on your money.
0:17.6	What a dumb shit.
0:18.8	I think I'm dead.
0:19.8	Charge for wasting our time.
0:22.8	I think I'm dead.
0:23.8	I will take a check.
0:24.8	I don't want to get pulled.
0:26.3	I'm dead.
0:27.3	You recognize her from entering on CNN, CNBC, and Bloomberg.
0:31.9	The only financial expert you don't need a dictionary to understand.
0:36.2	The cold lap in.
0:37.7	Today's money rehab her Caitron called in because she was worried she had over-contributed to
0:43.1	her Roth IRA.
0:44.6	But as so often happens in listener interventions, we covered way more than that.
0:50.1	We talked about penalty fees, how to choose your own adventure when it comes to retirement,
0:54.8	and how to budget when your income is inconsistent.
	...

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