Is it possible to open a second roth ira?

Answer It is possible to open a second Roth IRA or even more if you meet the income limits set by the Internal Revenue Service. The number of Roth IRA accounts a person owns is irrelevant. The IRS places ... Read More »

Top Q&A For: Is it possible to open a second roth ira

How old do you have to be to open up a Roth IRA?

There is no minimum age requirement to open a Roth IRA. The only issue in most cases is whether the child has taxable income. An unmarried individual must have earned income to be eligible to contr... Read More »

Who can open a Roth IRA?

A Roth IRA can be opened by a person who receives U.S. taxable income. Roth IRA contributions are not subject to the age limit of 70 1/2 years imposed on traditional IRAs. The Internal Revenue Serv... Read More »

Can I Open a Roth IRA for My Children?

Because there is no age requirement for opening an account, a Roth IRA can be opened in a minor's name. The account is funded by gifted contributions until the minor earns taxable income.Source:The... Read More »

How do I open a Roth IRA online?

ResearchConsider what type of investment you want: bank investments, stocks, bonds, mutual funds, real estate or gold. Then find an online custodian that will meet your investment needs. IRA custod... Read More »