I'm going to establish a new IRA and, since I don't already have one had a couple questions:I had been using company 401K and got burned by BAD investment strategies by plan administrators; will still invest although probably only to point of maximum company match as I can do better than those NOT-AT-ALL-foolish jesters. I have considered doing a 401K roll-over into a self-directed IRA (on a annual basis?, is this allowed?) and wondered if I could roll into a Roth IRA or are these reserved for AFTER-tax contributions?I figured that I would set up a Roth IRA for 1998 and was wondering about 1997 IRA funding (since I haven't yet). If I wanted to establish a Roth IRA and fund it for 1997 and 1998 tax years, am I correct in my assumption that I would have to put 1997 funding in a standard IRA, take a distribution and pay penalties and taxes and then put the remainder in a Roth IRA with the 1998 funding?Second, I might be re-filing prior year taxes for other reasons and wondered if I could re-state my IRA contribution from $0.00 to $2000/year funding it now eventhough I didn't ACTUALLY fund it then?(I presume the answer to be NO!)Thanks for letting this new FOOL ramble...,Dave
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