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Subject:  Re: How many IRA's? Date:  1/18/2004  10:14 PM
Author:  mcain6925 Number:  38629 of 88435

Not only can you have a Roth IRA, a traditional contributory, and a rollover, you can have multiple accounts of each type with different trustees. You might have an IRA with a full service broker for bonds (watch out for annual fees!), a discount broker for stock trading, and several mutual fund companies.

Another potential reason for having multiple IRAs is if you are a young retiree taking 72(t) distributions. The IRS formulas for calculating the size of the distribution may give a number that is more than you wish to take out each year. Splitting the IRA and taking a distribution from only one of them provides more flexibility.
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