From NerdWallet.com….
One of the best things about an IRA — compared with, say, a workplace retirement plan like a 401(k) — is the much larger selection of investment options available within the account.
In most IRA accounts, you can pick individual stocks or choose from a long list of mutual funds. Or you can leave those decisions to an expert by choosing a low-cost robo-advisor — a computer-powered investment manager — to do the work for you. (Check out our top picks for robo-advisors.)
That breadth of choice makes the IRA — both Roth and traditional IRAs — an attractive option for your retirement savings, especially once you’ve maxed out 401(k) matching dollars.
But in some ways, choice also makes things more difficult for the investor.
Here’s a step-by-step process for how to choose investments for your IRA.
