An American singer and actor best known for his role as Festus Haggen on the long-running television Western drama, Gunsmoke. Born in Lamar, CO (882). Jack Dempsey (1895 - 1983) Born William Harrison Dempsey. American professional boxer and world heavyweight champion from 1919-26.
A rollover is considered an entirely different action from a contribution. Thus, the amount of a rollover has no impact on the contribution limit for the year. If you roll $100,000 from a traditional IRA to a Roth in 2013, you can still contribute $5,500, or $6,500 if you are 50 or older, to the Roth.y contrast, you must stop putting money in a traditional IRA and start taking distributions from the account at age 70 1/2. Consequently, some taxpayers choose to roll traditional IRA or other retirement plan assets into a Roth IRA.
You can roll over your IRA into a qualified retirement plan (for example, a 401(k) plan), assuming the retirement plan has language allowing it to accept this type of rollover. Roth IRAs can only be rolled over to another Roth IRA.ou can convert your traditional IRA to a Roth IRA by: 1  Rollover â You receive a distribution from a traditional IRA and contribute it to a Roth IRA within 60 days after the distribution (the distribution check is payable to you);