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re: Traditional IRA contribution limits?
Posted on 2/13/10 at 2:41 pm to Dr Rosenrosen
Posted on 2/13/10 at 2:41 pm to Dr Rosenrosen
Is there a limit on how much you can put into any IRA the first time you open one?
Posted on 2/13/10 at 4:55 pm to wegotdatwood
quote:
Is there a limit on how much you can put into any IRA the first time you open one?
The limit is the annual contribution limit.
Rollovers are another matter, but of course that is when you are "rolling over" another similar account to an IRA. For example, you can (if memory serves) roll over a 403(b) to a traditional IRA. But that doesn't count as a contribution.
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