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.
Roth IRA contribution limits are significantly less than 401(k) contribution limits. For tax-year 2014, individuals may contribute no more than $5,500 to a Roth IRA if under age 50, and $6,500 if age 50 or older. Employees can roll their Roth 401(k) contributions over to a Roth IRA account upon termination of employment. 2  It is the employer's decision whether to provide access to the Roth 401(k) in addition to the traditional 401(k).