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Community: Investing Wiki

Term Of The Hour

excess contribution penalty: Original post by Wilhelm Schnotz of Demand Media Saving for retirement by investing in a traditional individual retirement account (IRA) can be a tricky proposition. Invest less than your annual limit, and you will lose out on the income tax deductions associated with the pretax retirement account. Invest too much, and you face a penalty. Because maximum contributions to traditional and Roth IRAs…

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