Do I Have a Roth IRA Excess Contribution and If So, What Are My Options?
Author: Denise “The IRA Whisperer” Appleby
Use This As:
✔️ A client-facing explainer during mid-year IRA check-ins
✔️ Part of your Roth IRA contribution review process following the May 31 issuance of Form 5498
✔️ A supplement to MAGI-based eligibility assessments
✔️ An early intervention tool to correct or recharacterize excesses before year-end
Include in your Mid-Year Roth IRA Review Packet
Distribute after Form 5498 Review : To any client with Roth IRA contributions that may require a deeper audit.
Use in June–July Email Campaigns . Target clients whose income is near the Roth contribution phaseout range.
Share with Tax Professionals – To coordinate corrections, especially if Form 8606 or amended returns may be needed.
Ideal Timing:
This resource is most effective when shared between June 1 and September 30, giving clients time to address issues well ahead of the October 15 correction deadline (for those who filed timely returns by April 15).
Formats Available:
Editable Word document (advisor version)
One-page summary version for quick reviews
Slide deck version for client webinars or review calls