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Subject:  Re: Multiple Roth IRA accounts? Date:  11/18/2007  5:39 PM
Author:  cstillwell55 Number:  60204 of 88435

I currently have a Roth IRA with an online broker. I am unhappy with the current broker and would ultimatly like to move the account to another broker. In the meantime I want to know if I can have two Roth IRA accounts with different brokers?

Yes, I just did this very thing. I was also unhappy with the way my broker was managing my IRAs (both Roth and traditional) so I opened new accounts with Vanguard around the end of 2006 and contributed to them for 2006 & 2007. I just finally got around to transferring the other accounts to Vanguard. So you can have multiple Roth accounts open at the same time, but make sure that you do not contribute over the maximum allowed for the year.

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