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<< A contribution from a rollover of a traditional IRA has no deadline nor does the amount count against the annual $2K limit. >>

If I'm understanding you correctly, you're talking about converting a traditional IRA into a Roth IRA. If so, please keep in mind that, while there is no year-end deadline for simply converting, there IS a deadline for converting AND taking advantage of the four-year special tax treatment. In other words, when you convert, those dollars become taxable. But if you finish your conversion by 12/31/98, you have the option of spreading the tax evenly over the next four years (1998-2001) rather than paying all the tax in 1998. If you wait until 1/1/99 or after, you will HAVE to pay the full tax in the year that you convert.

So if you ARE going to convert AND the tax will be sizeable AND you're not picky about whether you convert before or after 12/31/98, then the Foolish thing to do is to finish the conversion before 12/31/98 to spread out the tax and avoid a super-big tax bill in oone year.
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