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First time to this board, and I'm still a bit confused with the IRA/SEP-IRA/Roth, etc. My quesion is can I set up a 'regular' IRA for 1997, (deducting these $$ from my taxable income for 1997); then on April the 14th, 1998 roll these $$ into a Roth IRA? The goal is to reduce my taxable income but at the same time get the future benefit of non-taxable Roth IRA...

I currently have an employee sponsered 401K; an ex-employers 401K that I have converted to a self directed IRA. The IRA above would an entirely new IRA.....

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