Coffee Mavin
Dryer sheet aficionado
- Joined
- Jan 6, 2011
- Messages
- 25
First Time Posting & Hoping to clarify whether my auto-deduct Roth IRA is a problem or not.
I moved to a new employer this year and enrolled in their automatic deduction for Roth IRA because my income should have been at a level that I qualified. At end of year my prior employer paid out a hold-back that I did not think they would since I had left the company. Now my income will be higher than the limit for Roth IRA. Does this matter if it is an employer offered option? If it does, how do I fix it?
I moved to a new employer this year and enrolled in their automatic deduction for Roth IRA because my income should have been at a level that I qualified. At end of year my prior employer paid out a hold-back that I did not think they would since I had left the company. Now my income will be higher than the limit for Roth IRA. Does this matter if it is an employer offered option? If it does, how do I fix it?