@Chuckk wrote:
I answered some of this to the other users response, but yes the financial consultant told me this. I believe I was told the traditional IRA had a higher max amount to put in so that's why it was chosen over the Roth despite the plan being to pay taxes on it. Not sure if withholding was taken out.
There is no maximum that you can roll into either type of IRA. Tax withheld would be in box 4.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
