The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Can I have more than one Roth?||Date: 4/18/2000 10:01 PM|
|Author: MustangII||Number: 21345 of 77082|
I realize you can only put $2000 into a Roth per year.
Can you have multiple Roth accounts and put $2000 into each one each year?
Here is what I have done. I foolishly (small f) opened a Traditional IRA with my local bank in late 1997 with $500.00. On 4/98 I deposited an additional $1000 and on 12/98 rolled it all over to a Roth. This account has a unique account number.
I attempted to add $1000 on 12/98 but come to find out it was put into a different Roth account. (different account number anyway)
On 10/99 I gave the bank $2000 to put into my Roth but again I ended up with another Roth account with a unique account number.
It now seems I have 3 different Roth accounts with this bank. It seems each time I take them a deposit they open a new CD and issue a new account number.
Do I really have 3 different accounts and could I put $2000 into each one every year?
I would really prefer to roll all this mess into a Vanguard index fund, is this possible?
Sorry so long and thanks for the education!
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|