Confused about what the whole IRA thing is?

  • Thread starter Thread starter Reph
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Reph

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Hey guys, just a bit confused about opening up an IRA. Admittedly I don't know much about them.

1) Is this something that you open with the government, an individual bank, etc?

2) Is the money you put in SAFE? I mean, is there any risk short of america being blown to bits that you could lose the money you put in?

3) I recently heard about maintenance fee's or something another...whats up with that?

Sorry for the horribly stupid questions, if they are that. Just a recent college grad trying to get a handle on all this legal jargon. And much thanks in advance!
 
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