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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?
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<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)
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Yes you can have more than ONE IRA, however the total contribution to ALL IRA accounts (traditional and/or Roth) cannot exceed $2,000

Jenn
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It is probably possible, but is also Illegal and you
would probably be socked with penalties when caught.
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