Hi Bogiegump,Thanks for the prompt response. Yes, that makes perfect sense - I was always worried about getting the split correct, and had read of the complications of recharacterizing. I suppose if I am really confident of what my 2005 AGI will be, I could invest say $1500 in a Roth now, and sort out the balance in a year's time.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?Thanks,John.PS: In an ideal world, we'd be able to *live*! My ideal would be to travel for 3 months of the year, but still keep my job. Because of the time off, my AGI would be reduced, allowing me acess to a full Roth (and other benefits). Last year I spent 2 months on a working holiday in the UK - if only I could do something more elaborate every year! One can dream ...
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