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Can a person have more than one IRA? For instance, 1 Roth IRA and 1 Traditional IRA, or 2 Roth IRA's or 2 Traditional IRA's?

Thanks in advance
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Yes. Yes. Your overall contribution however, must be within the required limit, 2000 per year.

HaGD, L2
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One thing to consider when funding multiple IRA's, both Traditional and Roth, is that each one will have management fees involved. When investing only up to $2000 a year these fees on multiple IRA's can really eat into the growth of these funds over a period of time. I think it would be prudent to keep the number of IRA's you have to a minimum in order to minimize the effect of management fees over the long term. Even a small fraction of a percent, may seem insignificant, but over many years it can up to thousands of dollars. Just something to think about.
nampa45
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