Ok, newbie question I am sure but is it possible to have more than 1 IRA account, while putting the max $2,000 in each account?
<Ok, newbie question I am sure but is it possible to have more than 1 IRA account, while putting the max $2,000 in each account? >If you are married, you can open up an account for your spouse. Otherwise, if you are looking at a Roth or Traditional IRA you can have as many as you want but the total contribution to all can not exceed $2000.If you have children you can contribute $500 to an Education IRA in addition to the $2000.The rules change slightly for SEP's etc. I suggest you look in the FAQ's and the Fool School (They have an excellent 14 step course called All About IRA's)
Yes you can have more than ONE IRA, however the total contribution to ALL IRA accounts (traditional and/or Roth) cannot exceed $2,000Jenn
It is probably possible, but is also Illegal and you would probably be socked with penalties when caught.
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