Ask The Expert: Eligibility

Q: Can I have two IRA accounts?
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A:

Yes. Technically, you are allowed to have multiple IRA accounts with different investment firms. It might be wise to consolidate, however. This might help you avoid fees for minimum balances. At some firms, you can get lower cost funds or better service for having more assets.

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Important IRA Information

Each year, the IRS updates the rules for Traditional IRAs. Here are all the details for 2015: