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bucolic_frolic

(56,074 posts)

2. Are IRA's real money or not?

Reply to Coventina (Original post)

Thu Jun 4, 2026, 04:15 PM

20 hrs ago

Money is a claim on future spending. If you don't have any, you can't buy anything.

I think by real money you're asking, does it fluctuate? Depends on what he's invested in.

If he's not really savvy on the subject of personal finance, you two have some research and reading to do!

You could go with a financial planner or investment company or boutique wealth manager or bank advisors. They charge $2k or a percentage. Some bury the fees but the company get fees inside the funds then sell (mutual fund companies).

None of them time the market. That might be something to keep in mind with the market at all time highs!

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Question to the financial gurus here at DU (this is NOT asking for advice!!) [View all] Coventina 20 hrs ago OP

I am not by any means financially savvy, but spend a lot of time on stock market sites jmbar2 20 hrs ago #1

Are IRA's real money or not? bucolic_frolic 20 hrs ago #2

IRAs hold liquid assets of fluctuating value that can be sold and converted to cash Fiendish Thingy 20 hrs ago #3

We are at that point, saved for years. and now would like a little more income for travel. multigraincracker 19 hrs ago #4