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Sorry if these are FAQs. Basically, I'd like to check on the answers provided to me by my friend, so even if these are FAQs, just a short yes/no reply would suffice, I guess.

1. My friend says that I can have as many Roth IRA accounts that I want (say with two discount brokers and a bank) as long as my *total* contribution to all of them does not exceed $2000. Is this correct?

2. My friend says that commissions that the broker charges me for my stock trades in my IRA account *are* included in the $2000 limit! Help!! Is this true? So, if I make 30 stock transactions with about $8/trade, then I lose about $240 from my permitted $2000 contribution? (That sure ain't sound right, but we all know how tax codes are written!!)

3. What about Roth IRA maintanence and setup fees? Are they also included with the $2000? (If it is, it would be real screwy!)

I appreciate your responses! (Also, please e-mail me a copy of your reply in addition to your post here.) Thanks!
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