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I have one IRA that is a conversion Roth IRA and it is in a mutual fund. I have another IRA that is a 'straight" or normal IRA that is the one I can put more money in, and one IRA that is in a brokerage and invest in the stock market.
For year I just put money in the conventional IRA but at some point my wife said I could I could convert it to the Roth. Likely you can take all or some of the 401K money and convert it to a Roth IRA so it pays no taxes when you draw it out in retirement. I am FAR from an expert but what the money is invested in is pretty much up to you. Ultra-conservative and safe is a CD drawing a few percent but always going slowly up. More risky is some municipal bonds or a mutual fund. Or risk it all in a brokerage account and put it in the stock market, real estate investments or whatever.
I am a 41 year member of USAA so I use them from some investments but I do use other companies as well.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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