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URL:  http://boards.fool.com/sam-ltltwhat-is-the-advantage-to-having-10205024.aspx

Subject:  Re: Tax-free retirement investing Date:  6/13/1998  8:18 AM
Author:  TMFPixy Number:  3772 of 75402

Sam,

<<What is the advantage to having multiple Roth IRAs accounts? Also, may my fiance and I share an account, or do we each need to open our own account? I assume we can do this through our brokerage (Charles Schwab)?>>

The key word in IRA is "individual." IRAs may be held in the name of one owner only, which means the two of you must open your own separate account. You may each have one account with a $2K contribution or 2000 accounts with a $1 contribution in each. However, multiple accounts are an administrative headache and will be more expensive to you as well. If both of you consolidate your IRA investments at one brokerage (still in your own accounts), you will experience less of a hassle IMHO.

Regards….Pixy


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