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I'm the original "Stuck with the Wise" guy. Thanks to the wonderful advice here, and a frightening (but revelatory) phone call to Mr. Broker at Merrill Webber Witter and Etcetera, I'm no longer stuck! (But that's another story.)

ANYway... I'm about to set up a SARSEP-IRA with a discount broker (yay!). I will have contributions taken from my paycheck, and get some matching funds from my employer. I currently have a personal IRA, with only $2000 in it (contributed for 1997), which I intend to convert to a Roth. My AGI is <$25,000, so I should be eligible.

Here's my question: can I contribute to my personal IRA in addition to my automatic SEP contributions? If not, it may be beneficial to put as much as possible into the Roth IRA. Can I put $2000 into my Roth IRA, and the remainder of my 15%-of-salary limit into the SEP? Do I have it all wrong again? :-)

Thanks, JamieGuy
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