Do all investment companies have the same returns on IRA's?
Do all investment companies have the same returns on IRA's?No. No more than all people that invest have the same returns.Doug
What does that mean?
Do all investment companies have the same returns on IRA's?No, it depends on what the IRA is invested in and the fees that the brokerage, mutual fund company, bank, etc. charges on the investments and the account.AJ
"What does that mean? "^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^IRAs are a tax-related kind of term - the government lets you put aside money into an account andtake a tax deduction for it.Then the money is invested as you direct ---- say a mutual fund orother investment. You can buy or sell investments within that accountwith no tax until you either withdraw funds or have to take aminimum withdrawal from the account once you've reached a givenage (70 I think). The funds you withdraw are taxed as regular income.The benefit is that your tax rate is normally less when you retirethan while you are working. Also, your returns on the investments are accumulated tax-free and so can grow a bit faster.There are some resources about IRAs on several sites --- including TMF, the IRS, and most banks and companies would be happy to talkabout how to set them up and such.Good luck.Howie52
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