This is the first year that my compensation will be above the income threshold for contributing to a Roth IRA. However, I'm an idiot and accidentally already contributed the $7.5k to my Roth IRA, and invested $1.4k of it last week as I phase into my various ETFs.
What's the path forward to take here? I'm assuming that I need to reach out directly to Vanguard to get them to help with moving this contribution and invested amount into my Traditional IRA ($0 bal) so that I can then backdoor it?
So annoying to deal with this over a mindless mistake. Smh.
Incorrect Contribute to Roth IRA because of Income Threshold
byu/Himothy1917 inpersonalfinance
Posted by Himothy1917