Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Two years ago I opened a Roth for myself and separate account for my wife, each a mutual fund.

Now I wish to put this years Roth amount into a different mutual fund that does not appear to be an option.

Do I just open another Roth account with a company that handles that mutual fund?

Can I open another Roth Account and deposit $2,000 into that account each year? Seems to me that I should be able to do this.



You can open a new ROTH at another company. However, you can only put a total of 2,000 per year into all of your ROTH's. Your wife can also put a total of 2000 into all of her IRA's. Can not put 2000 in each ROTH you have.
Print the post  

Announcements

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.