<<I can contribute $2000 per year into an IRA. Can I put $1000 into a Roth and $1000 into an ordinary IRA for the year 1998? More generally, can I put any fraction I want into either IRA as long as it does not exceed $2000 per year.>>Your analysis is correct. Simply keep in mind that income limits apply to both Roth and traditional deductible IRAs, but no such limit exists on traditional non-deductible IRAs.I'm assuming that your pursuit of this strategy is so you can take advantage of an upfront tax benefit for the deductible IRA. There is little reason to contribute to a non-deductible IRA unless you are over the income limits for a Roth.
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