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"I'm not positive on this, but I thought that she couldn't open an account now, and fund it for 1999. It's my understanding that the account has to be opened/established by December 31, 1999 in order to make a 1999 contribution to it (as long as the account is opened by then, you can still make a 1999 contribution up until April 17th). So if she doesn't have an account OPENED already, she can only make the year 2000 contribution to a new account.

Am I confused?"


Yes. She can still "open the account" and make a 1999 contribution, but do not dawdle, 4/17/00 is right around the corner.

Regards, JAFO
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