HOW YOU CAN FUND YOUR IRA

An important part of establishing an IRA is having a custodian for the account. The custodian holds the funds that you contribute.

This is true for any funding vehicle. This fact is especially important to note in the case of coin IRAs—the individual does not hold the coins, but the custodian does.

IRAs may be funded with the following investments:

  •  Mutual funds

  •  Zero coupon bonds

  •  Certificates of deposit

  •  Common stocks

  •  Savings accounts

  •  Unit investment trusts

  •  Platinum, gold and silver coins

  •  Individual retirement annuities

  •  Money market deposit accounts
  •  IRAs may not be put into the following investments:

  •  Cash value life insurance

  •  Collectibles
  • Next, read about how (and how much) you may contribute to your IRA.

    Previous PageBack to BeginningNext Page



    Educational materials provided by the editors of The Encyclopedia of Personal FinanceTM. Click here to learn even more!

    Copyright © 2000 - 2003, Precision Information, LLC. All Rights Reserved

    Powered by
       
     
     
     

    © 2005 Precision Information, All Rights Reserved. The Educated Investor is powered by Precision Information