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URL:  http://boards.fool.com/401k-to-ira-roth-contrib-11027997.aspx

Subject:  401k to IRA &Roth Contrib. Date:  7/8/1999  9:00 PM
Author:  loopy4 Number:  11849 of 75664

Q1. I have a 401k from a previous employer that I left in Feb. 1998. I would like to transfer it into a IRA and give the Foulish Four a whirl. As I understand it no taxes but I cannot transfer again for 12 months?

Q2. I would like to open a Roth IRA or a Traditional IRA and contribute the max, I currently do not qualify for an employer sponsered plan but my wife does, can I do this? Would I even be able to deduct a Taditional IRA contribution given the rollover this year? Any ideas would be apprecieated.

Thank you
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