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Author: sdcumberledge Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75825  
Subject: Re: Can you have more than 1 IRA? Date: 4/30/1999 6:19 PM
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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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