Can I roll that over to a Roth IRA contribution to my vanguard IRA for the year of 2022? Or is there some details my COVID brain fog is glossing over?
I had been making regular deposits to the account on vanguard so that I'd max it yearly, but I stopped at $2500 last year so I could instead pull $5000 into a government i bond when it was very sexy. That one year period will be up come may. But unless I need it urgently I'm going to try to hold out and not lose the 3 months interest. So then with that chunk giving me a comfortable half of an emergency fund, and my checking account covering the rest, couldn't I roll the max amount to get $6000 for 2022 in my vanguard Roth IRA, or is there some reason this won't work that I'm not considering.
Please be gentle, I am a novice with personal finance savvy, and the brain fog is extra.
But any help and other suggestions, gentle corrections, etc will be quite welcome.
Thanks
Submitted March 10, 2023 at 05:37AM by thykarmabenill https://ift.tt/nsKX2v3
