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Author: wkiri Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Multiple Roths Date: 12/7/2000 7:36 PM
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Hi,

I'd like to make sure I understand the situation with Roth IRA's. Is it true that you can have more than one, e.g. a Roth IRA with Ameritrade and one with a company that supports DRiPs and one somewhere else? I would guess that this means that your summed contributions to all three for one year would be capped at $2000, not per-account. Or can you only have one Roth IRA at any given time, and you have to rollover to switch to a new one?

Thanks,

Kiri
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Author: rjm1 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 26487 of 75383
Subject: Re: Multiple Roths Date: 12/7/2000 8:10 PM
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I'd like to make sure I understand the situation with Roth IRA's. Is it true that you can have more than one, e.g. a Roth
IRA with Ameritrade and one with a company that supports DRiPs and one somewhere else? I would guess that this
means that your summed contributions to all three for one year would be capped at $2000, not per-account



The above is correct. Note I dropped the last sentence.

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Author: Ringfinger Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 26493 of 75383
Subject: Re: Multiple Roths Date: 12/8/2000 1:50 PM
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Yes, the cap remains, but the amount of accounts is limitless.

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