Submitted by spongerd82 t3_zzcet2 in personalfinance
_DeadSeaSquirrel t1_j2azzt2 wrote
Reply to comment by boilermakerteacher in New job, substantial pay increase by spongerd82
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the amount rolled over is subject to Roth IRA contribution limits
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lifetime limit of 35k
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beneficiary must be the same for at least 15 years. Changing the beneficiary resets the clock.
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cannot roll over contributions/earning from the last 5 years
Still a great option but worth noting the limitations. All the more reason to start contributing earlier!
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