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Subject:  Can I have 2 Roth IRAs Date:  3/3/2001  3:51 AM
Author:  Littlebush Number:  28235 of 88520

I already have a Roth IRA with Datek. I just sent in my last monthly check to finish off my $2000 for 2000. (no joke)

I am considering opening another Roth IRA with Buy and Hold since I make regular monthly deposits and buy stock as soon as they clear. This would save me seven dollars per purchase, lowering my cost basis.

I do not want to close the Datek account.

Can I have two Roth IRA accounts as long as I don't go over the $2000 per year total between the two accounts?

Is this even smart?

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