Brokerage IRA Account

Question : What is Brokerage IRA Account?

Answer : Brokerage accounts allow you to purchase stocks, bonds, mutual funds. The fee you pay them is called a “commission”, and can range from as low as $5 to $10 dollars, to upwards of several hundred dollars. In opening a IRA’s and other retirement and education accounts, the minimum investment can vary, usually ranging from $500-$1,000.

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