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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76392  
Subject: Re: 3 new IRAS? Date: 1/6/2001 2:28 AM
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Normlin: "Current regular non deductible IRA.
Contributed $2000 to this in Y2K.
Wife has no IRA
Meet income standards for Roth
So:

1.Can I open a Roth for Y2K for $2000 for self before April 16 2001?"


No, you have already contributed 2k to an IRA for Y2K.

"2.Can I open a Roth for Y2K for $2000 for wife before April 16 2001?"

Yes (assuming April 15 is a Sunday; no calendar handy).

"3.Can I then contribute $2000 to each of the above during and for 2001?"

Yes, assuming that you meet income requirements for year 2001. You may not know for sure until late 2001 or early 2002.

Hope this helps. Regards, JAFO

That would be $8000 total.

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