I have a Roth IRA with a mutual fund, but now I think I want to add some individual stocks to my retirement portfolio. Since I can't buy individual stocks through the mutual fund company, can I open another Roth IRA account through a brokerage firm to do this, or do I have to move the IRA over to a broker?I plead to the experts.Thanks.
Tax rules do not prevent you from having multiple IRA/Roth IRA accounts. The only limitation is that your total contribution to all of them cannot exceed $2K/yr.It is cost efficiency that tends to limit the number of accounts. But if you have good reason to have multiple accounts, no rules prevent it.
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