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If I rollover my former employee's 401k to my IRA

Posted on 12/21/14 at 9:06 pm
Posted by lsaltee
poppin a tent, roastin marshmellows
Member since Sep 2007
3634 posts
Posted on 12/21/14 at 9:06 pm
does that count as my contribution to the year? or can I still put in my $5500 on top of the roll over?
Posted by Boomshockalocka
Member since Feb 2004
59711 posts
Posted on 12/21/14 at 9:08 pm to
$5500 is the limit for a Roth IRA not a traditional IRA so you will still be able to contribute the $5500 to the Roth.
This post was edited on 12/21/14 at 9:09 pm
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 12/26/14 at 3:48 am to
I'd like to learn how to take an employee's 401k. Lol.
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