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>> The question can up after I had opened a Schwab Roth IRA and decided that I would rather have a Roth with a deep discount broker so that I could set up a Foolish portfolio. I suppose I could keep both or consolidate them. <<

Yes, you're right. As long as you meet all criteria for contributing and/or rolling over into IRAs (roth or conventional), you can have as many as you like subject to the $2,000 annual limit.

So if you want to do more trading with some of it, you can open a Roth with a deep discounter, and if you want to also have the availability of a mutual fund supermarket and other services, you can keep that part with Schwab. The extra statement may be a little bit of a hassle, but it makes perfect sense to me, particularly if you can find ways around the annual fees for small accounts. (At Schwab, an IRA under $10,000 is whacked for $29 per year unless you make two commissionable trades in the year or schedule electronic deposits of at least $100 per month.)

Tim
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