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Money for the “Big Picture”
May 21, 2009 at 7:41 pm

{ 6 comments… read them below or add one }

Gem March 19, 2009 at 4:37 pm

I haven’t looked in awhile, but I was under the impression that you have to have earned income to contribute to an IRA. So young children would not be eligible (though there are loopholes), but teenagers are once they start working.

Heyagainlando March 19, 2009 at 8:00 pm

Thank you Gem. You are right…my bad.

Color me embarrassed!

Edited.

Heyagainlando March 19, 2009 at 8:30 pm

I failed to mention…thank you.

Gem March 20, 2009 at 10:46 am

Just wanted to be sure the right information is out there! So many people don’t quite understand IRAs, so it’s a great post, always good to have the information in one place!

Clara Gossett June 19, 2011 at 12:31 pm

I am a retired teacher and am going to receive about $7000 for post-retirement work, because I am turning 65. I’ve been advised to put it in an IRA but know nothing about this. Can I just go to my bank – PNC or Fifth Third? Does it cost to purchase or keep up an IRA. ….I really do appreciate your time and advice. Clara

Tony September 2, 2013 at 11:26 am

I am considering rolling over part of my IRA to purchase gold and silver in a self directed IRA. They want to charge $160.00/year to maintain the account. Is this a normal practice for Precious metals brokers?

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