I'm thinking of setting up a traditional IRA account…. I know that the maximum yearly amount I can invest is 4k, however in 2008 can I continue to invest into the same IRA account, or do I have to set up a new one (and so on for years to come)
2007-07-19 15:56:46 · 2 answers · asked by Raffy 1 in Business & Finance ➔ Personal Finance
You can open one or as many as you like. I opened one a Charles Schwab (22 years ago). I have stocks, Mutual Funds, Reits and ETF's in it. I've got great flexibility.
What ever you do;
Don't open any investment account with a Bank or an Insurance Company. Both offer high priced products offered by poorly trained Representatives.
2007-07-19 16:40:18 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
You can continue to invest in the same IRA account.
2007-07-19 23:18:37 · answer #2 · answered by MoneyMaker 2 · 0⤊ 0⤋