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| Subject: Can I have an IRA that includs dif contrib types | Date: 3/17/2001 8:37 PM | |
| Author: melrosest | Number: 28486 of 72254 | |
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Hi- I am very confused. I currently have a regular IRA account. This account has had the following contributions made to it over the years: tax deductible non-deduuctible (only 1k) rolled over a 401k account into it Is this going to cause major problems with calculating the taxes owed when I start to pull money out many years from now? I am about to contribute non-deductible contributions for 2000 and 2001. Should I not deposit these contributions into this account but instead open another traditional IRA and keep non-deductible contributions separate from deductible ones? If I have another 401k to roll over in the future should I not roll it into my current IRA? Will this merging of contributions cause headaches if I decide to convert to a Rooth IRA down the line? Thanks for your help! melrosest |
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