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rkmacdonald wrote:

You have to open an account for her. These are Individual Retirement Accounts and cannot be joint.

That said, she can open an account and immediately put $4000 in it. $2000 for 1999 and $2000 for year 2000. You have until April 17 to put in the 1999 contribution.

To which I reply:

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?

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