Can I make deposits to my Ellevest IRA while my 401(k) rollover is in progress?

Yes, you can make deposits to an Ellevest IRA account while your 401(k) rollover is in progress, as long you have linked a checking or savings account already. However, the IRS places a limit on yearly contributions to IRA accounts, so double check your year-to-date contributions before initiating anything. You can check the IRS rules here.  Please note that a rollover is not considered a contribution and does not count towards the yearly contribution limit.

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