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Money and Finances
Reply to "Excess contribution to Solo 401K"
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[quote=Anonymous]I made this same mistake this year - mostly because I didn't earn quite as much as I did last year so my estimates were a bit off. Not a big deal at all. You can just leave it in there and pay the taxes on the excess, which you would have paid anyhow had you not put that $2K into your solo401k. This is according Vanguard - where I have my solo. [/quote]
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