eli5: How do IRA’s gain money overtime?

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From what I understand, you put money into this account (either post or pre taxed based upon what type of ira ur doing) and you invest it in certain things. But what I don’t get is how does this mean your money is consistently going up? Wouldn’t the money increase or decrease based upon the stuff you invested in, since it isn’t concrete money but invested money.

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4 Answers

Anonymous 0 Comments

You have the right idea

Generally, if you are doing an IRA, then you would invest in safe bets

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