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» From: Burlington, NC Dear TaxMama: I have a rollover IRA and would like to also set up a traditional IRA to continue planning for retirement. If I set up the traditional IRA, can I contribute the full amount allowed for the 2001 tax year between now and April 15th and still be able to contribute the maximum for the current year? Dorothy Dear Dorothy, Yes. Absolutely! Just make sure your financial institution codes each deposit to the correct year. Good luck. Eva Rosenberg Your TaxMama  |
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