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Subject:  Set up a 2nd IRA? Date:  9/13/1999  5:48 AM
Author:  upupaepops Number:  13873 of 98510

I have a traditional IRA with a FSB. In January, I was thinking of setting up a second IRA with a discount broker. I know I could roll-over the money from the old one to the new one, but I'm thinking of keeping the old one for at least a while.

Are there compelling reasons to avoid having two IRAs?

What happens at retirement time?

Is it necessary to notify either broker of the other IRA?

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