Terms of Use 

Yes, you can have as many Roth IRAs as you wish, but there are strict limits on how much you can contribute to these accounts during any given tax year.

No matter how many IRAs you have or what type (Traditional, Roth or SEP) you can contribute no more than $5,500 per year for tax year 2017 and 2018 ($6,500 if you're age 50 or over). 

Roth IRA contributions are only allowed if your income (technically your Modified Adjust Gross Income or MAGI) is below a certain level:

2017 Income limits

  • Single filers:  Phase-out starts at $118,000; ineligible at $133,000. 
  • Married filers:  Phase-out starts at $186,000; ineligible at $196,000.
  • Married filing separately:  $0 - $10,000.

2018 Income limits

  • Single filers:  $120,00 - $135,000. 
  • Married filers:  $189,000 - $199,000. 
  • Married filing separately:  $0 - $10,000.
If your income is less than the first number you can make a full Roth contribution.  If it's greater than the second number, then you can't contribute anything.