Oh Danielle, Danielle, Danielle--

You can actually open as many Roth IRA accounts as you'd like as long as you stay at or below the annual limit. If you are younger than 49, the limit is $5000 a year. If you are 50+ the limit is $6000 a year and you have to have an income, or be married to someone that has an income.

From your other questions it sounds like you are more of a conservative investor- but I'd still strongly recommend that you put your retirement money in the stock market if you have at least 10 or more years until retirement. The reason being that the stock market has consistently gone up an average of 11% per year, over a 10 year period. The trick with investing is to buy low and sell high. Right now the prices are incredibly low. Don't look at that like it's a bad thing! Look at it like it's on sale! 50% off!! WOOHOO!!

On the other hand, open a Roth IRA now at a local bank or credit union and start making donations to it on a monthly basis, while you take the time to research some investment firms. Your financial adviser should take the time to explain the investments to you, and you should know what you are getting into before you invest. I know that the stock market/investment can seem like rocket science, but it's not. If your financial adviser can't explain it to you, don't get into it.

You're age and the amount of risk that you are willing to take will help you and your financial adviser figure out how and where you should invest.

To find a financial adviser I strongly recommend going here:
http://www.daveramsey.com/sa/mutualfunds/

GOOD LUCK!

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