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If your income exceeds the Roth IRA contribution limits, you may face tax penalties. However, there are steps you can take to manage this situation. Consider recharacterizing your contributions to a traditional IRA or withdrawing excess contributions. Alternatively, you may want to consider alternative retirement savings options. Consult a financial advisor to find the best solution for your unique situation.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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