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Retirement tax questions
No. A rollover is money your already have in a retirement account being placed in a different retirement account. A contribution is using 'new' funds to deposit in a retirement account. These funds were never in a retirement account and you are increasing the balance of your retirement funds when you contribute. You do not increase the amount of your retirement funds when you rollover to a different account.
‎June 4, 2019
4:09 PM