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Thanks for the quick replies! So the takeaway I get for q#2 is it doesn't matter until you have more to invest than can be contributed to an IRA. Right now I'll be extremely happy if I can get halfway towards the limit for a yearly contribution. But maybe one day in the future I will have to think about this.

When/if I ever get there then I now see how the strategy makes sense to optimize your tax situation.

Thanks!
Michael
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