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Technically speaking, an IRA is just a (brokerage|bank) account with a special tax designation. It won't stop you from putting all your money in a penny stock o
by gibybo 14y ago
Technically speaking, an IRA is just a (brokerage|bank) account with a special tax designation. It won't stop you from putting all your money in a penny stock or out of the money options, for example.
- jimktrains2 14y agoAh. I thought they were a combination of various things that made them fairly stable, or more so than a 401(k) anyway. Thanks for the clarification.