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IRA and mutual fund?

What is the difference anyway?

Individual Retirement Account (IRA) is just a type of account created to help us save for retirement. By the current regulations, if you are under 50, it allows you to put $4,000 away per year with some tax benefits. One of the primary benefits is that investments in IRAs grow tax-deferred. This means more of your money is working for you.

A mutual fund is an investment vehicle. You can buy mutual funds or a host of other investment products in your IRA.

IRA is a retirement program. Mutual fund is a way to invest in several stocks under one fund. (lessens the risk)

So you say that you want to put money into an IRA by buying a mutual fund.

Apples and Oranges.

You can put a Mutual Fund into an IRA. You can put a CD into an IRA. You can put Bonds into an IRA.

An IRA is a Tax Sheltered plan. One type of investment that can go in this plan is a Mutual Fund.

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