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How much you make with your IRA money depends on what investments you put in the IRA, and what the fees are.
Usually, discount brokers don't charge fees for keeping your IRA account; Mutual fund companies commonly charge a fee if the account balance is below a particular threshhold, and full-service brokers charge a fee, and the more money in the account the greater the fee.
Whether you have one or several investments in your IRA depends in part on how much total money is there. You are limited in the amount you can start with, and to have your initial investment be in one mutual fund would make sense. Perhaps the next year you put your contribution into another fund, at the same or a different fund company. Or you could start with a discount broker and select a stock, a bond, or a mutual fund.
Remember, the IRA is a box. You may put many investments into it. The trustee isn't who makes you the money, it is the investment, which may be in a company's stock, a bond, or a fund.
Best wishes, Chris
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