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FWIW, IRA contribution limits are $5500/yr. You can't put $100k in an IRA all at once.
by cimmanom 9y ago
FWIW, IRA contribution limits are $5500/yr. You can't put $100k in an IRA all at once.
- staticautomatic 9y agoThe limits don't apply to rolling over a 401K into an IRA. They're for contributions to an already established IRA.
- cimmanom 9y agoOK, but the OP said they have $100K cash, not $100K in a 401K
- staticautomatic 9y agoYou're right. I misread. Thanks for pointing that out.