Author Topic: Contribute earnings to a rollover IRA?  (Read 411 times)

geekette

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Contribute earnings to a rollover IRA?
« on: February 22, 2019, 04:31:27 PM »
My DH had a small amount of earnings last year which we will be investing in a traditional IRA.  Most of his investments are in a tIRA that is a 401k rollover at Vanguard (which is where I'd like to put the money).  Can you contribute earnings to a rollover or does he have to contribute to a separate tIRA?

robartsd

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Re: Contribute earnings to a rollover IRA?
« Reply #1 on: February 22, 2019, 05:13:50 PM »
Yes, he should be able to make traditional IRA contributions to an IRA that started as a rollover of traditional 401k funds. Adding contributions to a rollover IRA can cause problems if you want to rollover from the IRA to an employer sponsored plan later if that is significant to your case. https://investor.vanguard.com/401k-rollover/401k-to-ira-rollover-rules#onceIRollOver

geekette

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Re: Contribute earnings to a rollover IRA?
« Reply #2 on: February 22, 2019, 05:22:02 PM »
Thank you.  Somehow I missed that on Vanguard's site!