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"Can we start a Roth IRA for each of us prior to
April 15, 2001?"
Yes if your income is below $150000 annually between you, and at least $2000 each. The rollover and the 401k don't matter.
You can contribute $2000 for 2000 to each of your separate Roths. If you have earned income in 2001, you can also make your 2001 contribution now.
The fact that the Roth contributions are not deductible won't bother you--you couldn't deduct IRA contributions anyway unless you are very poorly paid.
Best wishes, Chris
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