Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Is there a maximum amount you should have in an IRA?

If you have an IRA with $200,000 or $300,000 in it, should you open a new one or just keep adding more money to the single large account. I thought there might be benefits to having multiple accounts to draw on if there is a financial crisis or if the financial institution was to run into trouble. I am not sure if IRAs are covered by any insurance or not.

Any information on this would be helpful. I have looked on the web and have not seen anything on this.


Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.