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From: wmartin@brl-tgr.ARPA (Will Martin )
Newsgroups: net.invest,net.taxes
Subject: IRA Choice
Message-ID: <7510@brl-tgr.ARPA>
Date: Fri, 18-Jan-85 12:02:02 EST
Article-I.D.: brl-tgr.7510
Posted: Fri Jan 18 12:02:02 1985
Date-Received: Mon, 21-Jan-85 01:48:03 EST
Distribution: net
Organization: USAMC ALMSA
Lines: 16
Xref: watmath net.invest:508 net.taxes:621

Anyone want to offer any recommendations for buying an IRA right now ($2000
lump-sum, possibility of adding more later)? I would think that I should
be able to expect about 12% return on investment; it seems like most CD's
and other funds are paying much less, though. Nearest I've seen is a
48-month CD at 11.75% from a credit union (but which charges annual fees,
which reduce the yield). I've been looking at brochures for bond funds, too.

I went ahead and got my wife a "Royal Neighbors of America" annuity for
her 1984 IRA, because she wanted it; the organization has been around for
many years, and she and her family have long had insurance from them.
They said they paid 12% last year. Haven't decided if I should get myself
one from them or somewhere else. I've been diversifying each year so far...

Will Martin

USENET: seismo!brl-bmd!wmartin     or   ARPA/MILNET: wmartin@almsa-1.ARPA