IRA stuff, part two
Mar. 15th, 2004 06:52 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
annathepiperTo everyone who answered my question about IRAs, thanks! It was in fact a Traditional IRA that I had before, so our accountant said that I should do the same kind of IRA now. And the idea was also to just stick it into something in my name and transfer it into something better later as the opportunity arose.
So it sounds like I should not worry about actually trying to buy anything with the IRA funds yet? This would make this form the bank gave me easier, probably, since sections 6 and 7 talk about purchasing mutual funds and I don't think I want to do that. However, section 3 on the form talks about "FDIC Insured Investment Options", and there seem to be options for "Market Rate Retirement" and "Fixed Rate Retirement CD" there. I am given to understand that CDs are fairly conversative and possibly a good idea; would anyone have any useful commentary in this area?
So it sounds like I should not worry about actually trying to buy anything with the IRA funds yet? This would make this form the bank gave me easier, probably, since sections 6 and 7 talk about purchasing mutual funds and I don't think I want to do that. However, section 3 on the form talks about "FDIC Insured Investment Options", and there seem to be options for "Market Rate Retirement" and "Fixed Rate Retirement CD" there. I am given to understand that CDs are fairly conversative and possibly a good idea; would anyone have any useful commentary in this area?
