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IRAs: Frequently Asked Questions

Where Can I Set Up An IRA?

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You can set up an IRA at a bank or other financial institution or with a mutual fund or life insurance company. You can also set up an IRA through your stockbroker.

Many brokers do not charge an annual fee to maintain your IRA.

There are "self-directed" IRAs with custodians that let you choose investments other than stocks and bonds. For example, Sterling Trust Co. www.sterling-trust.com offsite link.

Opening an account is generally as simple as downloading an application form, signing the forms and returning them with a check.


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