Can I have a Roth IRA in my mutual fund company and stock portfolio?

Question

I have my Roth set up through Janus Funds....I also have a Charles Schwab acct that I trade stocks in......Can I also have a Roth set up there too? And like put half my yarly limit in Scwhab and the half in Janus?

Answer 1

The answer to all your questions is yes.
You can hold mutual funds and stocks in your Roth IRA. You can have a Roth at both Janus and Charles Schwab. You probably have far more flexibility with your Schwab Roth IRA but I don't know that for sure.
You can contribute to both. You are responsible for not going over the annual limit and the government doesn't restrict whether you put all your funds in 1 or 2 (or even 14) accounts.
One question you didn't ask but you can also do: If you have a Roth at Janus and at Schwab, can you move funds back and forth between them? Legally you can without penalty. However there may be some administrative fees at the different firms; that part I don't know about.

Answer 2

Put the whole thing in Schwab. You can buy Janus Mutual Funds (there) with no transaction fee & also purchase stocks. It's exactly what I do.

BTW: Yes, Schwab & Janus have ROTH IRA Accounts. Call them and they'll explain.

Answer 3

Yes, you can have ROTH IRA money invested in stocks, bonds, mutual funds, ETF etc.

Yes, you can have Roth IRA setup at both Charles Schwab and Janus Fund provided total contribution for that year does not go beyond maximum allowed.