Recharacterization & Return of Excess (ROE) Calculator

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Please Note:
The start of the computation periodic is the business day prior to the date the excess contribution was made. The end of the computation period is the date the earnings are being calculated and the distribution form is sent to the client to sign.
Dollar Value ($)

Please note: In general, if the excess contributions for a year are not withdrawn by the date your return for the year is due (including extensions), you are subject to a 6% tax. You must pay the 6% tax each year on excess amounts that remain in your IRA at the end of your tax year. The additional tax is figured on Form 5329. For information on filing Form 5329, see IRS Publication 590.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.