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Howdy All,

Question 1: is it legal to have multiple IRAs so long as you only contribute a total of $2K to them collectively per year?

Question 2: Assume I have an existing IRA and a 401(k). If I leave my company, can I rollover the 401(k) money into the existing IRA? If so, would this count toward my $2K yearly contribution?

Final question: I know I can convert some or all of an existing standard IRA into a Roth IRA (paying the taxes, of course), but is it a one shot opportunity, or could I convert part now and part next year, and the rest later?

I don't actually plan to _DO_ any of this. I'm just curious about my options.

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