re: Is it bad to open an IRA through your bank..

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I think all banks have IRA's, but they are congruent with CD Rates. Which are pathetic.

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This. Also, in the wealth management divisions in banks, they usually have clients with high net worth already.


What up WG: My advice would be to look at opening up a Fidelity Roth IRA. Its very easy and I believe they use morningstar ratings for each fund you choose. Try to pick the ones that have a good RR(rate of return) over a long period of time(At least 10 years). Try to see how these funds perform in particularly weak market times(recessions) and how they bounce back.


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