I have recently started a regular mutual fund and I would also like tostart an IRA fund but at this time I am a bit strapped for cash. Sincethis is tax time would it be beneficial for me to transfer lets say$1000of my current mutual fund into a traditional IRA account then use thatamount as a deduction. I do know the benefits of the Roth IRA so Iwouldlike to convert the traditional IRA to a Roth IRA sometime after theApril1 deadline. Would the potential penalties outweigh the immediatebenefits?
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