Get In Early
Back to Learn Center

Can I have more than one IRA?

You can open as many IRA accounts as you’d like, but your total yearly contributions must remain within the annual limit across all established accounts. For example, if you were looking to deposit the 2021 yearly contribution limit ($6,000) across three IRA accounts, you could split the total evenly and deposit $2,000 in each account. The downside to opening multiple IRA accounts is the fees associated with each account, which could potentially lead to diminished returns across your accounts.