Can you max out 2 or more IRAs?

Answer 1

you are limited to 4000 bucks for the year whether its one or 101 IRA's

Answer 2

Yes. Typically, one of them is a ROTH IRA. However, there are restrictions if you make a lot of money (over 75,000 or 150,000 filing jointly) in one year. Check out www.irs.gov for more info.
You are probably thinking of a traditional ira and a roth ira. The traditional is maxed out with part of your pay, so you save a lot up front on taxes. The roth ira comes out of your own money after taxes, but when you eventually draw it out you don't have to pay taxes on the gain.
If you can only do one then I recommend the ROTH first.
The other IRA may be a SIMPLE IRA, SEP IRA, or Traditional IRA depending on your employment.

Answer 3

The annual IRA contribution limits are "per person" (i.e. per social security number).

There is no restriction on the number of IRAs you can own, but at some point it becomes a hassle if you have them spread out all over the place.

Answer 4

YNo. You are only allowed to max out 1 IRA.

You may put up to $4,000 ($5,000 for those 50 and older) in IRAs in any one year. You can split it up between different IRAs, but the $4,000 limit is the total you may contribute in any one year.