Ask The Expert: Eligibility

Q:
Asked by Erik 1/24/13

Can I have two IRA accounts?

Erik Budde A:
Answered by Erik Budde 2/13/13
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153 out of 261 people found this useful.

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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