Basic question -Can I have two "funded" Roth IRA accounts? I know that I am subject to yearly contribution limit ($4k I believe last time I checked).. can I put $2k in one, $2k in another?Reason for this is because I want to open a Roth IRA account with Janus in order to have 1/2 of my money invested in one of their mutual funds (my wife is a longtime Janus mutual fund investor and we both love the Janus Overseas fund), and another 1/2 in something like TradeKing or other discount brokerage where I will do more hands-on investing.So, hopefully I can have two Roth IRA accounts for this purpose, or is it against the code? Thanks in advance.
So, hopefully I can have two Roth IRA accounts for this purpose, Sure, you can have two different Roth accounts. You can have as many different accounts as you feel like keeping track of.--Peter
Can I have two "funded" Roth IRA accounts? As long as you adhere to the annual contribution limits, you may have as many Roth IRA accounts as you wish.cv
Can I have two "funded" Roth IRA accounts? I know that I am subject to yearly contribution limit ($4k I believe last time I checked).. can I put $2k in one, $2k in another? Yes, you can. If you do some preliminary calculations, and it is feasible, you can make it a Roth IRA + deductible IRA combination. The contribution limit still applies to the combination.
I have 7 different ROTHs and the same 7 in IRA accounts. Due to income limitations (no limit to the amount I can make, just the ROTH funding :) I decided to open the same funds but in the IRA style. I like my fund selections, so why not. The wife has the same funds.Then there is the 401k....Meridian Growth & IncomeMeridian ValueParnassus Equity IncomeTR Price International EquityTR Price Emerging European and MediterraneanThird Ave REIT ValueMatthews India FundMZ4
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