The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: 401k rollover to IRA, IRA rollover to Roth IRA||Date: 3/21/2001 8:54 PM|
|Author: br0ce||Number: 28566 of 77092|
Is this correct?
You can contribute to both a 401k and a Roth IRA.
The Roth is limited to $2000.
The 401k doesn't have this limit.
You can rollover your 401k into a traditional IRA
You can rollover your traditional IRA into a Roth.
If this is true then would'nt I be able to contribute more than this $2000 limit by simply rolling over from 401k to traditional, then to Roth once a year??
What am I missing here, are you limited to the amount of times you can rollover? is there a time span that must occur between rollovers? I must be missing something. Thanks.....
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|