bradspits t1_iuh1mlf wrote on October 31, 2022 at 7:39 AM Reply to comment by iputmybigboypantson in Fidelity making me open a new Roth instead of allowing me to rollover 403b funds into existing Roth? by iputmybigboypantson You can open a new traditional IRA, since you can’t really rollover from a regular 401k/403b to a Roth IRA without paying taxes on the earnings. Having both a Roth and a traditional IRA is allowed, but you can only contribute up to the maximum yearly contribution between both. Permalink Parent 7
bradspits t1_iuh1mlf wrote
Reply to comment by iputmybigboypantson in Fidelity making me open a new Roth instead of allowing me to rollover 403b funds into existing Roth? by iputmybigboypantson
You can open a new traditional IRA, since you can’t really rollover from a regular 401k/403b to a Roth IRA without paying taxes on the earnings.
Having both a Roth and a traditional IRA is allowed, but you can only contribute up to the maximum yearly contribution between both.