Author Topic: Co mingling ira funds  (Read 1437 times)

Allen

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Co mingling ira funds
« on: July 07, 2014, 03:23:54 PM »
If I rolled a 401k into an ira, can I make more ira contributions to that account or should I open a different account to keep them separate?

grantmeaname

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Re: Co mingling ira funds
« Reply #1 on: July 07, 2014, 03:30:39 PM »
You can still make your $5500 to that account. They're both in your name, right?

Allen

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Re: Co mingling ira funds
« Reply #2 on: July 07, 2014, 04:24:55 PM »
Yes sorry. All in my name. I can start adding to an existing ira even if it's a rollover then?  Didn't know if it had to be kept separate just because it was originally a 401k

grantmeaname

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Re: Co mingling ira funds
« Reply #3 on: July 07, 2014, 11:31:44 PM »
Nope, you can add to it in exactly the same way that you could add to an entirely new IRA if you opened one tomorrow.