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Yes. You can have as many IRAs as you want. However, you can only contribute the maximum per year collectively throughout all of your IRAs.
For example, if you are 40 years old, and are eligible to make a max IRA contribution of $6k, you might make a $3k contribution to a Traditional, and a $3k contribution to your Roth. You may elect to just put all $6k into the Roth if you are eligible.
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- What is an RMD (Required Minimum Distribution)?
- How much can I contribute to a SEP IRA?
- What is a SEP IRA?
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