Roth + Jackpot = ?? Hello experts,
I live in Nevada and have contributed max to my Roth every January.
This year, I was visiting a local casino with my family and won a very large (93k) jackpot on a table game (they withheld 25%). This will put me above the income limit for 2015. This year I deposited the money into an account that is somewhat non-liquid and withdrawing the money would be difficult.
Can I:
Raise my 401(k) contribution to a level that will max out my yearly contribution (lowering my AGI) and pay expenses with some the win?
Pay the 6% penalty and then not contribute next year?
Any other ideas?
I never thought this would happen so I am kind of baffled as to what to do.
Thanks. |