Will Your 401(k) Rollover Count as an IRA Contribution?

SmartAsset: Does 401(k) Rollover Count as IRA Contribution?

If you have an old 401(k) at work, you might decide to roll it over to an individual retirement account (IRA). But does 401(k) rollover count as IRA contribution? The good news is that rolling money from a 401(k) into an IRA does not count against your annual contribution limit. It can, however, affect your ability to make a contribution for the current year. A financial advisor could help you create a retirement plan for your…

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