In most IRAs, you can choose individual stocks or choose from a long list of mutual funds. Or you can leave those decisions in the hands of an expert by choosing a low-cost robo-advisor, an investment manager with IT technology, to do the work for you. An IRA is like a bucket filled with assets. In the bucket, you can place whatever you want.
It could be cash, stocks, bonds, mutual funds, or even more exotic investments, such as gold or peer-to-peer notes. By placing these investments in the IRA, they get the tax benefits of the type of account you select (traditional or Roth). You can open an IRA on your own through almost any bank, brokerage company, insurance company, or investment company. We offer retirement account options designed to help you meet your needs.
We can even help you transfer money from an existing work plan. For retirement accounts where you make all your own investment decisions, there are no fees or account minimums, 1 Fidelity Brokerage Services LLC, NYSE member, SIPC, 900 Salem Street, Smithfield, RI 02917.The list of investment vehicles that cannot be included in an IRA or a qualified plan should not be confused with the list of prohibited transactions that cannot be made with these accounts, such as lending money from an IRA.