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Subject:  Re: HELP SETTLE A ROTH ARGUMENT Date:  9/18/2008  3:55 AM
Author:  Hohum77 Number:  63867 of 78168

A co-worker says that an individual can have only one Roth IRA, period. My position is that you should be able to have as many as you like as long as you do not contribute more than $5,000 ($6,000 if you are older than 50) to those combined accounts for any given year. I would appreciate any information on this (even if I have to wipe off some egg).

The $5000 IRA contribution limit started this year (2008).
Your position is correct- one can have multiple Roth accounts, and even Roth/traditional IRA combination of accounts but your Total contribution to all the IRA accounts cannot exceed the annual contribution limit ($5000 for 2008).

Your IRS reference publication is Pub 590.

I cannot find an explicit mention of