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    #1

    Traditional IRA & Roth?

    Client contributed to a traditonal IRA and now wants to contribute to a ROTH. Is this allowed? Can he max each one out at $5000 each?
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    #2
    Nope, $5000 total, $6000 if over 50.
    In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
    Alexis de Tocqueville

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