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Author: FlippoHip Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75797  
Subject: IRA question Date: 6/4/2005 6:36 AM
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I have a TSP (which is a government 401K) plan that I contributed to for a few years. I separated from the military, so I cannot make contributions to it anymore, and want to roll it into an IRA. (I could just leave it and let it grow, but I'd rather put it into something I can work with)

I am opening a traditional IRA through my bank (because that's the only thing I can roll my TSP into) and my investment options are confusing.

I have my choice of a fix-rate CD, a variable rate CD or a money market account. I thought IRA's were put into stocks and funds.

What gives?

Also, how can I make monthly contributions into a 36 month CD?? It doesn't make any sense.
Yes, I have a disclosure statement, but it seems to assume I already know what I'm doing.

I went to the Fool IRA section, but it was just ads for brokers.

Can anyone clue me in? I'd appreciate it.
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