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To: Charles Hughes who wrote (15647)	12/29/1997 8:41:00 PM
From: Harry Sharp	Read Replies (1) \| Respond to of 24154

>>>Off topic: Roth IRA Question<<<< Sorry to post this here but my bank & brokers are unable to answer this (sad huh?) and time is getting short. Goal: I want to have $8,000 in a Roth IRA for my wife and I in the first week of January, 1998. I was going to open a non-deductible IRA with $4,000 (wife & I) Tuesday or Wednesday and roll it over Friday (next year) into a Roth IRA and add another $4,000 to it for my total of $8,000 in my Roth account. I am now told (but can not confirm) that I can put $8,000 in a Roth IRA in January 98,- $4,000 for my 1998 contribution and, that until April 15, I can contribute $4,000 as a 1997 contribution - (it doesn't sound right that I can make a 1997 Roth contribution). As for my original plan to roll over my newly-opened non-deductible IRA into a Roth, my broker said that yes, I can open a regular non-deductible IRA on December 31, and roll it over January 2, into a Roth IRA and add another $4,000 *but* that the roll-over Roth IRA must be forever separate from the regular Roth IRA so that I will have to have TWO Roth accounts and will pay fees for both. Can anyone shed some light on the best way to accomplish this goal? TIA, Harry