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Michelle C
Lv 4
Michelle C asked in Business & FinancePersonal Finance · 1 decade ago

Need to set up retirement fund, how do I ........?

I am looking to do a Roth IRA, but what happens if the institution I use folds? Do I loose my money. Also would like to know if there is some type of account that can have withdrawals made from it in case of emergency but is more set up as retirement than a regular savings account?

Update:

I have been doing alot of research online (for months) but I have seen nothing about what happens if the company folds or an account that allows withdrawals but is still run similiar to IRA, 401K etc..

2 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    there are 100's of companies out there you can start an IRA with 99% of them have been around at least 10-20 yrs and have no fear of going under

    google IRA's

  • Lauren F
    Lv 7
    1 decade ago

    I personally am a fan of Vanguard for low cost, wide variety of funds for Roth IRAs. Fidelity is pretty good as well, they just charge a little higher fees, which eat into your profits over time.

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