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Ask The Expert: Eligibility

Q:
Asked by Mm 5/25/12

Can I have more than one Roth IRA?

Matthew Malone A:
Answered by Matthew Malone 9/8/12
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256 out of 256 people found this useful.

You can, but the question is, for what purpose? No matter how many Roth accounts you open, your annual contribution limit is still the same ($5,000 in 2012; $6,000 if you’re 50 or older). Having multiple account will likely only make record-keeping more complicated. Keep it simple.

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