3

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?

6

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.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.