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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?
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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.
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