Did you manage to save too much for retirement? Here’s what to do

Did you manage to save too much for retirement? Here’s what to do

It turns out that there is such a thing as saving too much money for retirement. Tax laws limit how much you’re allowed to contribute to retirement accounts, and excess contributions can be penalized. Additionally, if you fail to take the money out of your account, you can face even more penalties.


Don’t get stuck in this very odd but very uncomfortable situation. Here’s what you need to know to stay in the good graces of the IRS.

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