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An IRA is a type of account. You can put $2000 a year into it, and then buy with that money whatever the custodian lets you.
If the IRA is at your local bank, they will offer CDs, which would offer interest at a fixed amount.
If the IRA is at a mutual fund company, they will offer you mutual funds.
If the IRA is at a discount or even full-service brokerage, they will offer choices, and most of us would choose stocks.
Once you put money in it, it is not taxed until you take it out, no matter how many millions you make by buying the best stock of the year <G>. If it is a Roth IRA, and you leave it alone 5 years or until age 59 1/2, it is never taxed.
An IRA is a good thing. You can have more than one if you wish. Choose your custodian on the basis of what type of investment you want to put into it.
Best wishes, Chris
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