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Author: breakermaker One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Dumb IRA Question Date: 2/13/2001 2:43 PM
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As people on this site adviced me, you can have as many IRA accounts as your heart desires - as long as you do not exceed the maximum allowed contribution in all of them combined.

But an issue to consider is the annual fee you will be paying on each of the accounts. If you had all accounts consolidated in one, the amount of money you pay each year as fees will be a much smaller percentage of the total money invested than if you pay the fee on several accounts and spread your investment money in several accounts.


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