You can have as many IRAs as you want. Generally it is better not to mix a contributory IRA with a rollover IRA; if in the future you have a new employer who will accept rollover IRA money you might want to add it to yoiur retirement program with that employer. If you have mixed in contributory money, you lose that option. When you open an IRA account, the custodian may insist on a $2000 minimum. That is your whole contribution for a year, so if you don't take anything out of an existing IRA, you can't contribute anything to any of the others. If the custodian insists on a $10000 minimum, you will have to transfer an account with that much in it. You don't have to transfer a whole IRA. You can tell an existing custodian to send you a check so you can open an account elsewhere; they do so, and you have 60 days to open the new account. If you fail to do so, it is a distribution, and you can't put it back! If you are under 59 1/2, there may be penalties in addition to that being taxable income. The short answer is yes you can have as many IRAs as you want. If one custodian doesn't accept an investment you want to make, that is a good reason for adding another.
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