2007-01-31 04:43:43 · 3 answers · asked by kimk7890 1 in Business & Finance ➔ Investing
Yes, but your contributions are still limited to the $4000 TOTAL, not each.
2007-01-31 04:50:56 · answer #1 · answered by ricks 5 · 1⤊ 0⤋
i think so. BUT not sure if there is any advantage---you are only allowed to invest so much money per year into your ira-amount varies w. age-and i would imagine that if a person were to have 2 ira's they could not double their annual investments-but simply be investing the same total amount just split in two diff. accounts.
P.S. don't plan your retirement based on this answer please...think this is correct but can't say w. 100% certainty.
2007-01-31 12:58:35 · answer #2 · answered by Jes F 1 · 0⤊ 0⤋
Yes but the Roth is better over the long run you do not have to pay any tax on any earnings ever.
2007-01-31 22:25:12 · answer #3 · answered by ? 6 · 0⤊ 0⤋