No. of Recommendations: 0
No, this really is a dumb question. I just want to know: can have more than one IRA account so long as my total contributions to both aren't over 2K/yr? I think the answer is rather obvious, but I haven't been able to find confirmation on this and don't have time to root around on the Net right now.

My current IRA is a Roth. It's in the form of a mutual fund with Fidelity. I want to open a 2nd Roth IRA in a trading account with Brown & Co, my online broker. BrownCo is allowing IRAs to be opened for less than 5K this year. I just want to make sure I can simultaneously maintain two IRAs.

TIA for all responses.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement