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Old 06-25-2015, 04:15 PM
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Join Date: Jun 2015
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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.



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