can a person have two iras?

2 ⤊

can a person have two iras?

2007-09-09 13:35:59 · 3 answers · asked by CHARLES R 2 in Business & Finance ➔ Personal Finance

3 answers

Legally you can have as many IRAs as you wish. The annual contribution limit applies to your TOTAL contributions to ALL IRAs. There are several reasons why you may wish to have multiple accounts.

2007-09-09 15:26:15 · answer #1 · answered by STEVEN F 7 · 2⤊ 0⤋

Yes. The annual limitation on contributions is a total, but you can alternate contributing by years, or split them up.

2007-09-09 21:11:21 · answer #2 · answered by open4one 7 · 0⤊ 0⤋

You can have as many as you want.

2007-09-09 22:05:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋