UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread
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 75794  
Subject: IRA question Date: 6/4/2005 6:36 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
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.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement