There is no restriction for individuals in terms of the number of IRAs they can own and contribute to, but the limitations and max contribution number of $6,000 will have to be respected. It is recommended for an individual to understand their risk profile, age, goals, and retirement age expectancy as well as tax rates in order to develop the most suitable strategy. It is fairly common to see individuals splitting their contributions between Traditional and ROTH IRA accounts balancing in order to gain the best possible usage of their taxation benefits. Most Brokers and Providers will offer consultation as part of their initiation process, I highly recommend anyone interested in any type of IRA to ask for a profile review in order to determine the best line of action and the right approach to their investments.