Part 1/5:
Understanding IRA Accounts: Limits and Investment Opportunities
When it comes to individual retirement accounts (IRAs), many people often wonder about the limits on how many accounts they can hold. During a recent discussion between Gaby Lapera and Dan Caplinger, various aspects of traditional and Roth IRAs were explored, emphasizing the flexibility and investment potential of these accounts.
The Flexibility of IRA Accounts
One of the key takeaways from the discussion is that individuals can have multiple IRAs. There is no legal maximum on the number of traditional or Roth IRA accounts one can maintain. This means that you can establish accounts at different financial institutions, whether they be banks, brokerage accounts, or mutual fund companies.