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Subject:  Re: yet another Roth ? Date:  1/4/1998  7:04 PM
Author:  JimTitus Number:  1056 of 89495

[[<<In 1998 will I be able to do both:
1. Roll over my traditional IRA into a Roth IRA and
2. Make an additional $2000 contribution for 1998?

I.e., the rollover won't count as that year's contribution, will it?>>

Yes, you will be able to convert (rollover) an existing IRA into a Roth AND make a $2K
contribution to a Roth as well. They are separate transactions and rollovers of IRAs never count as
part of an annual contribution to an IRA.]]

I think it would be better to do (2) first, and then (1), because then you will be able to have all of the money in the same account and avoid the extra $10 custodial fee. (See "another Roth Question") Only problem: if fund charges a load (or equivalent) for conversion. I have an email into Vanguard to see if they charge their upfront quasi-loads for conversion.
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