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Rbdeux
New Member

Ira rollover 401k

I recently received a bonus and back pay. For 2019  I am behind on 401k contributions after being out of work for a while. At this point I will be able to contribute $7,000 from my paycheck. If I contribute $6,000 to a traditional IRA and rollover directly to 401k. Would I also be able to contribute another 6000 to a Roth IRA?

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1 Reply

Ira rollover 401k

No ... the max IRA contribution is per year and even IF you could transfer the IRA to a 401K ( not usually allowed) you cannot contribute more than the max per tax year. 

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