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Author: AshburnMark Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Number of IRA's allowed Date: 12/3/2003 4:53 PM
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I'm wondering if I am under a wrong impression, how many IRA's can one person have? I thought you could have only one, but am now thinking I might be wrong.

Mark
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Author: smitty7 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 38039 of 76237
Subject: Re: Number of IRA's allowed Date: 12/3/2003 4:56 PM
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Mark,

You can have any number of IRAs (I have two, one ROTH). The limitation is in the amount you can contribute. The current $3K max is the total of all your contributions to IRAs. Therefore, I could put $2K in one IRA, but then I could only contribute $1K to the other(s). Of course, educational IRAs are different, as are a few others. Check out the Fool's IRA tutorial for more info...

Smitty7

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