You can have multiple accounts, but the combined IRA and Roth IRA contributions for a tax year can't exceed the contribution limits for that year.Here's how the IRS puts it in Publication 590, Individual Retirement Accounts:Roth IRAs and traditional IRAs.
I am not sure how much, if at all, your FICO score will increase when the judgments fall off your credit report. Although not very common, under certain circumstances a judgment that has fallen off your credit report after 7 years can reappear. In addition to the 7-year credit reporting time period (CRTP), judgments also have a statute of limitations (SOL) on enforcement of the judgment.
Erin Wilkins/iStock/Getty Images. When you satisfy a legal judgment against you, that doesnât erase the judgment from your credit history. While the paid-off debt looks better than an unsatisfied obligation, potential lenders will still see it on your credit report for seven years from the date the judgment was entered. This holds true whether the debt is paid or unpaid.