I have a 401k from a prior employer that I quit from a couple of years ago. As I cannot invest in it any longer I have decided to move it into a "Rollover IRA".

I already have a Roth IRA. Are my contribution limits affected in my Rollover IRA since I am only allowed to put in 6k yearly in my Roth IRA?

Basically my question is can I put 6k$ in my roth ira and that does not count against my contribution limit for my rollover ira? If so what is the max contribution I can make to my Rollover IRA?

1 Answer 1


Per the IRS, the $6K contribution limit or for all IRAs combined, both Traditional and Roth, so you cannot contribute $6k to each.

Note that a rollover is not a contribution, so it does not affect your limit (I think you know this, but just making it explicit).

  • Yes. +1. Also note, the rules for rollover needing to stay segregated from the traditional IRA is gone. These funds can join the existing IRA, if any. Feb 5, 2021 at 15:07
  • Sorry I'm still not understanding it - sort of noobish to Rollover IRA. Does this mean if I contribute 6k to my ROTH IRA I cannot contribute to my Rollover IRA? Sounds like you are saying I cannot contribute to Rollover IRA. If that is the case I dont see any benefit to rolling it over then...bummer ?
    – JonH
    Feb 5, 2021 at 15:20
  • 1
    @JonH rolling over is not contributing. That means you can rollover and contribute $6000.
    – RonJohn
    Feb 5, 2021 at 15:24
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    @JonH You are right that you cannot contribute any more, but there may still be value in rolling over to get access to more investments. You can also decide going forward how much to contribute to each depending on your tax situation, but the total for the year cannot be more that $6K.
    – D Stanley
    Feb 5, 2021 at 15:38
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    @RonJohn - the or in that sentence confused me: the $6K contribution limit or for all IRAs combined
    – JonH
    Feb 5, 2021 at 15:44

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