No. of Recommendations: 0
I have a friend who reports that he sent in a contribution to his existing rollover IRA, established with money from a prior employer, and was told by Fidelity that he could not make contributions to this account. The issue was not that such contributions would "taint" the rollover money and disqualify it from subsequent rollover back into a new 401k plan. The issue was that he simply couldn't make a contribution at all. I think they're wrong.

Does anyone have chapter and verse on this issue? Thanks for your feedback.
Print the post  


The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.