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Can my IRA investment money be used to buy mutual funds or stocks?

April 26, 2017buy Investment IRA money Mutual funds stocks Used

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Can my IRA investment money be used to buy mutual funds or stocks?

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Yes. Stock brokerage firms as well as mutual fund firms can open an IRA account for you. Also, if you are leaving your current employer, you can roll over your 401K money into an IRA account without being taxed. You may want to discuss this with a personal financial advisor – but be forewarned that the advisor may want to sell you a mutual fund that pays him a sizable commission.