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Subject:  How do I Invest in an IRA? Date:  6/11/2003  9:42 AM
Author:  tdxUVA Number:  36506 of 88033

You'll have to forgive my lack of knowledge, but I'm only in college, and I'm still trying to figure out the best place to start my IRA.

Let's say I set up an IRA with a discount broker such as Ameritrade (I won't have much more than $1,000 to start with). For now, I want to invest most of my IRA money in an index fund. How does this work with an IRA? Does Ameritrade have certain index funds that I can invest in, or do I tell them which index fund to put it in, or what?

I'm trying to get a sound grasp of how IRA's work before I invest, and any help is greatly appreciated :)
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