Thread: Roth IRA
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Old 10-13-2009, 09:46 AM
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Quote:
Originally Posted by cmdrost View Post
Most people assume that an IRA is a fixed return investment vehicle, but it depends on what you invest your money in.

The max contribution for an IRA for 2009 is $5000. So if you put $5k into a Roth IRA with me. It first goes to money market. Any cash that hits an acct automatically goes to money market. Now you have $5k in your acct to buy whatever you chose. You can buy CD's, mutual funds, or stocks depending on what your risk/return goals are.

Chas whats the going rate on a 10,000 CD?
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