Comments on: How many IRAs can I have at one time? http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/ IRA Questions and Answers Thu, 20 Oct 2011 14:36:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: sporregar http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/comment-page-1/#comment-485 sporregar Thu, 28 Jan 2010 19:06:04 +0000 http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/#comment-485 Cash out the money and lose most of it to taxes and penalties. You can have as many IRA accounts as you wish but can only fund them to the max allowed by the government. Cash out the money and lose most of it to taxes and penalties.

You can have as many IRA accounts as you wish but can only fund them to the max allowed by the government.

]]> By: engineer50 http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/comment-page-1/#comment-484 engineer50 Thu, 28 Jan 2010 18:21:00 +0000 http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/#comment-484 No limit of number of accounts, just the total annual contribution amount. Early withdrawal is VERY costly. No limit of number of accounts, just the total annual contribution amount. Early withdrawal is VERY costly.

]]> By: XoxoxoxoX http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/comment-page-1/#comment-483 XoxoxoxoX Thu, 28 Jan 2010 18:03:10 +0000 http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/#comment-483 There should be no limit on how many IRA you can have, but like you said, there is ANNUAL LIMIT. There should be no limit on how many IRA you can have, but like you said, there is ANNUAL LIMIT.

]]> By: Saltydawg http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/comment-page-1/#comment-482 Saltydawg Thu, 28 Jan 2010 17:17:56 +0000 http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/#comment-482 in addition to previous answer you will also be repsonsible to pay your tax rate at the end of the year on money withdrawn in addition to previous answer you will also be repsonsible to pay your tax rate at the end of the year on money withdrawn

]]> By: wartz http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/comment-page-1/#comment-481 wartz Thu, 28 Jan 2010 16:50:50 +0000 http://www.iraroth.net/2010/01/how-many-iras-can-i-have-at-one-time/#comment-481 No limit on the number of accounts, just deposits. Cashing them out will create taxable income plus, if you are under 59 1/2 a 10% penalty. No limit on the number of accounts, just deposits. Cashing them out will create taxable income plus, if you are under 59 1/2 a 10% penalty.

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