What happens if I contribute more to my IRA than the IRS allows?

If you exceed the annual contribution limit, the IRS may charge a 6% excise tax on the excess amount for each year it remains in the account. You can avoid the penalty by withdrawing the excess amount (plus any earnings) before your tax filing deadline, including extensions. It's important to act quickly.

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Mountain West IRA offer a variety of retirement plans for individuals and small business owners.

Building wealth can be difficult, but our knowledgeable staff is dedicated to serving as your primary source for financial education, enabling you to make informed self-directed asset purchasing decisions.

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Meet with our team to explore your personalized journey of building wealth through investing in real estate, promissory notes, precious metals, and other assets using your retirement fund.

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