Question: I'm not quite sure I understand Roth IRAs. I know there's a limit to what you can contribute each year, but is there a limit on how many Roth IRA accounts you can have? Bridget. Sioux Falls, SD

Answer: There is no limit on the number of Roth-IRA accounts can own. But it could turn into a nightmare to manage multiple accounts, plus you'd end up paying more and more in fees. I would open up a Roth-IRA with a financial institution or mutual fund company with offerings you like, and then make new contributions into that fund every year instead of creating many accounts.

Most finance companies offer good information about the Roth on their websites. But if you want to go into more depth you could look at "Go Roth! Your guide to Roth IRA, Roth 401k and Roth 403b," by Kaye Thomas.

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