UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76398  
Subject: Re: Tax-free retirement investing Date: 6/13/1998 8:18 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Sam,

<<What is the advantage to having multiple Roth IRAs accounts? Also, may my fiance and I share an account, or do we each need to open our own account? I assume we can do this through our brokerage (Charles Schwab)?>>

The key word in IRA is "individual." IRAs may be held in the name of one owner only, which means the two of you must open your own separate account. You may each have one account with a $2K contribution or 2000 accounts with a $1 contribution in each. However, multiple accounts are an administrative headache and will be more expensive to you as well. If both of you consolidate your IRA investments at one brokerage (still in your own accounts), you will experience less of a hassle IMHO.

Regards….Pixy

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement