Thursday, July 13, 2017

Yearly 401k rollovers to Roth IRA


The job I am currently at offers a 401k matching at 3%, and my contributions can be as high as 95%.I was wondering if once I start my career next year I could keep my current job as a side gig to work 1or 2 shifts a month while contributing 95% of my income to my 401k. In doing this I would roll it over to my Roth IRA every year as a way to maximize the amount of money in my Roth beyond the 5.5k limit.Are there a maximum number of rollovers you can make? Over a period of time? Would this raise any red flags as a form of fraud?Thanks via /r/personalfinance http://ift.tt/2ud1JZQ

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