Message Font: Serif | Sans-Serif
No. of Recommendations: 0
ToadMan wrote:
Can I have 2 IRAs under my name?

Here is what I want to do: I want to start an IRA with an index fund (with monthly contributions) until I
have enough cash built up to start the Foolish 4. I want the stack gains to be tax-free also.

Can I continue to contribute to the index fund and invest in stocks at the same time with the tax
advantages of an IRA for both?



You can open as many IRA's as you wish, so long as your total contributions to all IRA's you own is no more than $2,000.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.