Does my 403b rollover into an IRA count toward my IRA contributions for the year?

Question

I rolled a 6-year-old, dormant 403b into an IRA recently, and now I want to do a maximum contribution to a Roth IRA. Did the rollover amount count toward my contributions for the year?

Answer 1

No, not at all -- not for your Roth and not for your 403b contributions for the current year. It's no different than if you sold one fund and both another inside your 403b.

Doug

Answer 2

No. The contribution limit is based on annual income, well, sort of ... but in any case the transfer has no impact on it.

Answer 3

No, rollovers don't count toward the annual limit.