Archive - October 24, 2016

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IRA Basics

IRA Basics

This article is intended only to provide you with the basics of IRAs, to get you started with your education.  These days nearly everyone has an IRA – so it’s important to understand IRA basics.  The following information holds true for both kinds of IRAs:  traditional IRA and Roth IRA plans.

IRA accounts can be held at a variety of institutions: banks and credit unions, brokerages, mutual fund companies and insurance companies.  Essentially, if it is a financial institution, quite likely there is an IRA offering.

Establishing an IRA

Typically, an IRA account is established by filling out an application. …

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