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Author: dmcgonig Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Roth conversion questions Date: 12/6/1998 1:43 PM
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I plan to convert my regular IRA to a Roth IRA. I would also like to rollover a SAR-SEP from a previous employer. Do I have to do the rollover to my current IRA and then convert? Or could I rollover the SAR-SEP later on into the Roth acct ( I assume I would have to pay the taxes in one year - its not a large amount)

Also, I know that an individual can have a regular IRA account and a Roth IRA account, but can I have 2 separate Roth accounts - convert my old account (mutual funds) AND open a separate new Roth account (discount broker) as long as I contribute no more than $2,000 combined? Then could I rollover some or all of my converted Roth to the new Roth broker fund sometime in the future without penalty?

Being the ultimate procrastinator, I'm afraid I'm running out of time to make these decisions and meet the Dec. 31 deadline!

Any suggestions would be greatly appreciated!!
DM
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