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And another newbie question: if for example, I choose Vanguard for my funds, I suppose I will need to open 2 accounts; John's Roth IRA and John's Traditional IRA?

Yes - with any custodian, a Roth IRA and a Traditional IRA must be different accounts.

You can take steps to reduce your AGI before the fact, to gain greater Roth eligibility. Wage deductions that go into a 401(k) don't count towards AGI, and neither do medical deductions such as a flex-spending account, if your employer offers that.

- Erik
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