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The thing is, having multiple accounts means more paperwork, more headaches, and probably more costs.

You can combine both your personal IRA and your company retirement plan in the same account by using the SEP-IRA. The SEP-IRA makes contributions into your Traditional IRA account. Unfortunately under current tax law you can't do this with a Roth.

Be aware of Vanguard's low balance fees: $10 if your balance in an index fund is below $10,000 and an additional $10 if your balance is below $5,000.
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