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I would like to rollover my existing Traditional IRA into a Roth IRA. Unfortunately (fortunately) my household Adjusted Gross Income is just over the $100k cutoff.

For 2005, I plan on increasing my 401k contribution to the full 15% so that I can get my AGI (Adjusted Gross Income) below the 100k mark and (finally) roll my traditional over to the Roth.

In the meantime, I want to establish a Roth IRA for 2004 and fund it with the max $3000 contribution.

Whew...now for my questions.

Are there any roadblocks to rolling the traditional IRA into an EXISTING Roth IRA (as is my intention for 2005)?

If no roadblocks, can I still contribute the max $4000 in 2005 to the Roth or will the funds from my rollover supercede/exclude me from making this contribution?

Lastly, are there any other creative ways to reduce my AGI for 2005, aside from the aforementioned 401k contribution bump?

Thanks in advance for the advice.
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