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I have a client who asked if she can have 2 Roth IRAs. Can she? Is there an advantage, disadvantage or other alternatives?...thank you., Phillip

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Submitted by Phillip Alfonso on Tue, 01/19/2010
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cgoetz's picture
Submitted by Calvin P Goetz on Thu, 02/04/2010 .

2 Roth IRA's

Your client can have as many Roth IRA as she wants but she will be limited to a total contribution limit of $5000 if she is under 50 years of age.