I know the annual max contribution is $4,000, but is there a max if I’m pulling the initial investment from cash, mutual fund and a VUL?
Annie
Can I start a Roth IRA with $25,000?
I know the annual max contribution is $4,000, but is there a max if I’m pulling the initial investment from cash, mutual fund and a VUL?
Annie
{ 4 comments… read them below or add one }
Florence
Still 4K unless you roll a 401K into a IRA then convert paying the tax.
Helen
Doesn’t matter how you are funding the Roth IRA, the limit is still $4,000 or $5,000 if you are 50 years of age or older.
Wanda
The limit for a Roth is $4,000/$5,000 per year
Carla
No, unless the money was being rolled over from another tax deferred retirement plan, the annual max stays the max..
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