Whats the best type of financial institution to use for an IRA?
You can establish an individual retirement account (IRA) just about anywhere you wish. But before you open a new IRA account, first make sure you know which types of investments the financial institution allows its customers to make. Most investors establish their IRAs at a bank, brokerage firm, mutual fund company or insurance company. But while some of these institutions allow you to invest the money however you wish, others limit your selection or charge additional fees if you want to place money in something other than the types of investments offered through the financial institution itself.
