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URL: http://boards.fool.com/dsemmler-since-i-do-not-have-any-401k-available-18698344.aspx
Subject: Re: Basic Question	Date: 3/6/2003 8:04 PM
Author: JWR1945	Number: 35838 of 72261
dsemmler Since I do not have any 401(k) available to me, I can only contribute $3000 to a traditional IRA and that is it, no Roth because I have already maxed my IRA contributions. I do not understand this restriction. You can open up a Roth IRA if you wish to do so. Your total contribution to both is limited to $3000. But you can allocate it in any way that you wish. If you had said that you had passed an income threshold that prevented investing in a Roth IRA, I would understand that. Is it because you wish to make deductions? If so, it is usually better to take the Roth IRA unless your time-frame is very short. Have fun. John R.
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