7 Strategies to Revive Your IRA

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7 Strategies to Revive Your IRA

One of the most common investments investors own is the IRA (Individual Retirement Account). When the IRA was created back in the 1970s, the investment choices within the IRA were very limited – primarily CD (certificates of deposits) and passbook savings accounts. Fast forward the clock 40+ years and the investment choices are significantly larger. Investors can now place their IRAs into the traditional Wall Street investments, such as stocks, bonds, mutual funds, exchange traded funds, annuities and even various aspects of real estate. With so many investment choices, you may be confused and frustrated as to how you can invest this retirement account. More importantly, you may not know where to begin in order to administer the portfolio and revive it. If you have suffered a decline, these 7 strategies will guide you on how to revive your IRA.

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