<<Both of your replys state that there is no need to open multiple accounts. Surely this doesn't mean that I can co-mingle my existing IRA (66K in 4 Fidelity funds), my wife's IRA (47K in the same 4 Fidelity funds), and our non-IRA portfolio (225K in bond funds, equity funds and cash).It seems to me that I am going to be required to maintain 3 separate accounts just as I have now. >>Right. "Opening" an account is different from "maintaining" an existing account. I thought you said (or implied) the former. Indeed, you cannot co-mingle these accounts.I had been running both mine & wife's IRAs as seperate UG5's, but then came across the suggestion to run them as two parts of one larger UG5. Balancing might be tricky, but I'm starting to move toward that way.The taxable (non-IRA), we have a lot more flexibility--can move money in and out, use margin, short, etc. Because of these differences, I tend to think of the IRAs as "play money"---taxes can be ignored, and the money can't be spent, so it's more like "points" than "dollars". It makes most sense (to me, at least -- YMMV) to be quite aggressive with these funds.A recent posting hit me right between the eyes---CashKings do _not_ belong in your IRA! Since you never sell them, you don't pay CapGains tax, so they are as "tax-deferred" outside of your IRA as inside of it. And when you do finally sell, you pay only CapGains tax, rather than normal income tax as you will on your IRA funds.My "real" portfolio is non-IRA account, and is much larger than the total of the IRAs. This is where I have multiple staggered UV portfolios, UG5, CashKings, and shorts. All in one brokerage account. I use one of the many on-line portfolio programs to help me track each separate mini-portfolio. (I use "my.yahoo.com", but there are plenty of others around.)Ray
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