I wouldn't worry about the tax implications either. The worst case scenario seems to be that they send a 1099-R showing a $7 withdrawal and you owe a couple bucks of extra tax on it (even if there were a 10% early withdrawal penalty, it is not worth worrying about it).Thanks, sounds like the consensus is just to ignore. I honestly don't even care about or want the $7, I guess I was just worried that if I didn't do anything about it, it will end up a bigger headache later on in case there were other implications I'm not aware of (if there are tax implications for automatic distributions, if they try to send to collections for the fee and it affects my credit score, etc.).
Statistics: Posted by HootingSloth — Wed May 29, 2024 7:17 pm — Replies 16 — Views 2105