dmertz
Level 15

Retirement tax questions

"Is it possible to have more than 1 IRA account ?"

 

Yes.

 

"is there any tax benefit from having more than 1 IRA account ?"

 

No.  For tax purposes your multiple IRAs of the same type, traditional or Roth, are treated as a single account.  (Of course traditional IRAs and Roth IRAs are treated separately from each other.)