Personal Finance & Money Asked by user65985 on July 20, 2021
I am retired and rolled over my 401(k). My husband has earned income for 2020. And he has retirement plan in his work. We already contributed $7000 each to Roth IRA.
Can I contribute another $7000 to rollover ira for 2020?
The $7,000 limit is across both flavors of IRA. Since you’ve deposited $7,000 already, you’re done. You should look to see what your 2021 plans are, and deposit for 2021 if you wish.
Correct answer by JTP - Apologise to Monica on July 20, 2021
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