Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Author: Car8berry Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Roth IRA Date: 3/14/2013 7:22 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I was under the assumption that you could only have one Roth IRA account and that I was limited to contributing the max amount each year (which has been about $5k). Is this not the case?
Print the post Back To Top
Author: Raladic Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 118057 of 121061
Subject: Re: Roth IRA Date: 3/14/2013 8:03 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
You could have multiple accounts, but you are still bound to the contribution limit overall (5.5k for 2013) - this spans across any number of accounts you have.
On top of that you may not be allowed to contribute at all, depending on your income.

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Advertisement