[[ I was eligible to set up a Roth IRA this year and so a few weeks ago I set up a new account with the $2K max contribution.]]Congrats!!![[ I'm still trying to decide how to invest the $2K rather than letting it sit in a Money Market fund. Since the $2K seems like a paltry amount to buy stocks with - without incurring an excess contribution penalty -and considering that my 1999 status is not likely to change with respect to my Roth eligibility - does it stand to reason that in a few days when 1999 rolls around - I'll be eligible to add another $2K to the account for 1999? ]]Right...in just a few days you can have $4k in your Roth IRA account.[[ The bottom line here is that at least with a $4K balance I might be able to actually do something with the money. Also, if I did this, then I could not add another $2K (assuming eligibility status remains the same) until 1/1/2000?]]That's correct.[[ PS/as an aside - one of the more popular financial gurus has said that he is not in favor of Roth IRAs - he doesn't think that over the long run - the Govermment will be able to keep its promise not to tax the distributions. Any thoughts or prognostications?]]I also believe that the Roth IRA earnings will be "means tested" in some way, shape, or form in the future. But I'm not going to let that belief taint my view on investing and saving today. I have NO IDEA what the Congress may do in the future. No way you can outguess those folks. So I chose to do what is in my best interest today, and deal with tomorrow when (and if) it comes.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. There is still time available to do that tax planning (and tax saving) before the end of the year. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Pay special attention to the "archives" section. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.