Ep. 180 - Can You Own Multiple Roth IRAs? (Ask the CFP®)

If one is good - three has to be better!

We are talking about the Roth IRA, specifically: 

 

‘Can you have more than one Roth IRA account?’

 

This is not a question from a reader but rather a question that I get A LOT.

 

The short answer is YES.

 

I want to give you a bit more information on why you would want multiple accounts, how to set them up, how you could manage them, and much more.

 

02:17 Can you have multiple Roth IRAs?

03:20 Rules and Contribution Limits

06:34 How do you set up multiples accounts

09:25 Why use multiple brokerage companies

 

References

Roth IRA Rules and Contribution Limits for 2023

https://www.goodfinancialcents.com/roth-ira-rules-contribution-limits/

https://www.goodfinancialcents.com/ask

 

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