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Greetings, Db, and welcome. You asked:

Can anyone help me with questions I have about Roth IRA's....
I have rolled over some funds from a 401K to a conduit IRA and finally to a Roth this year and would also like to start and continue to fund a Roth IRA each year until I retire. Would there have to be separate accounts (rollover and contemporanious) or could such funds be in one account.
Are there limitations of contributing to a Roth in 1998, 1999, 2000 and 2001 since the rollover is treated specially during those tax years?

As long as you have the earned compensation and meet the AGI limits for Roth IRA contributions, you may indeed contribute to your Roth IRA in 1998 and every year thereafter. Also, there is no legal reason that contribution cannot be made to your conversion Roth IRA. Some providers, though, may give you an argument about that. We discussed this a week or so ago, so rather than repeat, I'll just copy the discussion here:


The conversion has no impact on your ability to make an annual contribution to a Roth. You may still contribute up to $2K this year to a Roth and that contribution legally may be made to the conversion IRA you opened with Fidelity. Administratively, to me that makes sense. However, Fidelity may say the IRA agreement you signed for the conversion account says you will not make annual contributions to that account. If so, just be persistent and, if necessary, threaten to move the conversion account to a provider who will allow contributions. Other than the fact Fidelity may be following now out-date guidance from the IRS, there's absolutely no reason a conversion and contributory Roth IRA must be separate. My guess is they won't prevent you from doing so despite what the inittial IRA agreement says.



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