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Author: JanetW Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120797  
Subject: IRA / Roth IRA Confusion Date: 3/11/1999 5:44 PM
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1. Can one contribute more than $2000 per year to an IRA / Roth IRA account.

2. Can one have more than one IRA / Roth IRA account?

3. Since I have a pension fund through my employer (not a 401K) I believe I can contribute to a Roth IRA. True?

Thank you!
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Author: UUinMN Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 12021 of 120797
Subject: Re: IRA / Roth IRA Confusion Date: 3/12/1999 9:51 AM
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1. I don't think so.
2. Yes, absolutely. Your contribution limits are for your total contributions, which can be spread over several accounts. Or perhaps you opened different accounts over the years.
3. Yes, provided you meet the AGI limits.

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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 12178 of 120797
Subject: Re: IRA / Roth IRA Confusion Date: 3/14/1999 11:43 PM
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[[1. Can one contribute more than $2000 per year to an IRA / Roth IRA account.]]

Nope...

[[ 2. Can one have more than one IRA / Roth IRA account?]]

Sure...but remember that if you have more than one account, you'll also have more than one administration fee to pay annually. And there is really no tax reason to keep separate accounts.

[[ 3. Since I have a pension fund through my employer (not a 401K) I believe I
can contribute to a Roth IRA. True?]]

Potentially, yes. But there are other restrictions that requirements that you have to overcome. You can read more about the Roth IRA contribution requirements in my series of post on the Roth IRA in the Taxes FAQ area. You should really check it out.

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