Opening an IRA.Q How do you open an Individual Retirement Account (IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. )?--C. Martin New Castle, DE A You can open an IRA at your local bank. Just walk in and ask for all the details. You can also open an IRA with any regular or online brokerage firm. An online brokerage firm can also open a regular trading account Trading Account 1. An account similar to a traditional bank account, holding cash and securities, and is administered by an investment dealer. 2. An account held at a financial institution and administered by an investment dealer that the account holder uses to employ a for you. Try www.sharebuilder  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . .com/black enterprise/index.asp or www.scottrade.com or www.ameritrade.com for low-cost, online investing, and www.tdwaterhouse.com for a good online broker with solid research. Hake hake: see cod. hake Any of several large marine fishes (genus Merluccius) usually considered part of the cod family. Hakes are elongated, large-headed fishes with large, sharp teeth, two dorsal fins (one notched), and a notched anal fin. sure you arrange to have regular contributions made to your account. A little bit every paycheck will keep you on the right track to saving for your retirement. You can contribute up to $3,000 each year; $3,500 if you are 50 or older. Once you open your account, it is probably best to start with mutual funds, You can select from the thousands of funds available from any of the online brokerage firms or you can ask your bank for help in selecting from the different funds it offers. You should select a range of mutual funds in different categories, suggest an index fund, which will mirror the market's performance; a small-cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock fund, which will give you an opportunity to benefit from small, fast-growing companies: a mid-cap Mid-cap Short for "Middle Cap," mid cap refers to stocks with a market capitalization of between $2 billion to $10 billion. Notes: As the name implies, a mid-cap is in the middle of the pack. A mid-cap isn't too big, but at the same time has a relatively decent market cap. value fund, which will give you the benefit of companies that may have hidden value; and an international or foreign fund, so that you can benefit from markets outside the U.S. Before you choose, you will have to review all the information on the different types of funds your bank or online brokerage firm allows you to invest in. You can also look for information on mutual funds at www.morningstar.com. |
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