Question:
...Providing the sum of your contributions is within the guidelines for multiple accounts. I am limited to the predesignated investing options with my current account and would lilke to open another account with a firm that has more options (ex. individual stocks, etc...) Thanks.
Answer:
Yes, I believe you can open as many accounts as you like, providing you stick to the $ limits per year in combined accounts.
stay within the contribution guidelines and you can have 100 of them
you can open more than one ROTH ira account in a given year with the contribution limit by IRS rules
2006 is 4000, if you are 50 and older add 500 more
2007 is 5000,if you 50 and older is 500 more
Yes, you definitely can. I have multiple IRAs. But as they say, you have to stick to a sum total contribution yearly.
More Questions & Answers...
I'm Interested In Investing In Stock But I Dont Know Anything About Can Anyone Give Me Any Good Tips?
Vanguard Portfolio Assistance?
Simple Acct Concept Question abt - profit & loss?
I bought shares through ShareBuilder. Now I want to start using Scottrade. How do I "transfer over"...
How do I do this assignment?
What is the difference between checks and cash?
How to make your money grow?
Do people take out loans to put in high interest savings/deposit accounts?