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Here's hoping this is the approprate place to ask...
Anywho, I've recently gotten married (One week and a couple of days ago, actually), and we're working on getting accounts arranged to be ours, mine, and hers, so to speak.
Well, I've come across a series of interesting questions.
1) I've gathered that the limit for contributing to a Roth IRA is $2K/yr/person (assuming that you're within the appropriate income limits). Does that have to be in separate accounts (one per person)? Or am I being just a little paranoid? Translation: Can you have a joint IRA that you put $4K/yr for both of us?
2) She's about to quit her current job so she can put more into raising her child (and cleaning up after me, but I'm not goint there), so I'll be the source of income, does this change anything? Probably not, but...
3) She's also getting a 401(k) plan that'll need rolling over. From what I've gathered, you can a) put it in a Traditional IRA or b) do a) and then roll it over into a Roth (does the Roth have to be separate or can it be pre-existing?). If it is rolled over into a Roth, I get taxed, from what I've gathered, is that amount added to my income tax for '99 or do they send me a tax bill at my '98 rate.

Sorry if the questions are a bit silly, but I'm very new to quite a bit of this.


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