Hi guys,
Might be a silly question, but I have a sanity check I need done here:
In 2017, I rolled over a former company 401k into an IRA at Vanguard. Vanguard classifies this as a 'Rollover IRA Brokerage Account'
The amount was approximately $120K - it showed up as a check into my settlement fund, and then immediately converted into VTSAX the next day with dividends reinvested. No problem.
Later on, I realized I also had a 'Cash Value Pension' that wasn't rolled over with my 401k. I spent some time calling my former company's benefits department and Vanguard and realized I can roll this over as well into the same IRA.
This happened in Feb 2018 and had a Sweep In of ~$13K.
Stupid me just realized that it was still sitting in the money market and never got converted to VTSAX, now it's June and I'm salty at myself for missed gains.
Essentially - am I able to initiate a 'purchase' of VTSAX in the order of $13K with this money from my settlement fund within the 'Rollover IRA' without causing any taxable implications or issues with the contribution limit?
Thanks!