How many Individual retirement accounts allowed?

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How many Individual retirement accounts allowed?

2006-12-30 16:04:23 · 2 answers · asked by C J 1 in Business & Finance ➔ Personal Finance

2 answers

You can have as many as you want but you cannot contribute more than the max for all of them combined.

2006-12-30 16:15:17 · answer #1 · answered by get_real 1 · 1⤊ 0⤋

If you want to be allowed to put away more money tax free, talk to your CPA about self employed retirement accounts. I think you can put away about three times as much as a plain W-2 employee can. If you don't currently qualify as a "self employed" person, open up a home based business today or tomorrow.

Ask your CPA to be sure.

If you need a home based business to get into, contact me.

2006-12-31 00:19:07 · answer #2 · answered by teran_realtor 7 · 0⤊ 0⤋