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What are my investing opportunities with an IRA account? ( mutual funds, bonds, index fund, money
market ) Are stocks an options?


Let say I opt for mutual funds, are my selections
for a mutual fund based on whom the account is
opened?

How do I determine with whom I open the account?

Any good reading on these basic type of questions?
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No. of Recommendations: 0
What are my investing opportunities with an IRA account? ( mutual funds, bonds, index fund, money
market ) Are stocks an options?

Just about anything except foreign land and collectibles. But you have to find a custodian willing to take charge of the assets. Most custodians just do the traditional stocks'n'bonds.


Let say I opt for mutual funds, are my selections for a mutual fund based on whom the account is opened?
Bingo. If you open your IRA and Vanguard, you can only buy Vanguard funds; if you open it at Schwab or E=Trade, you have a huge selection of funds (but you'll pay marketing fees in order to get into them). Most places let you buy someone else's funds, but will charge you a flat fee commission to do so.

How do I determine with whom I open the account?
Your first choice is to determine what you want to buy. If you don't have a personal preference, find someone whom you trust and ask their opinion. (A lot of people say buy an index fund, but it really depends on your own situation and preferences.)

Any good reading on these basic type of questions? The Fool has an IRA center -- check the Quick Find menu that's on every page of the Fool website.
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