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How do I choose the right type of IRA?
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The first step in choosing an IRA is to determine your retirement goals. Consider what kind of income you need during retirement, how much risk you are comfortable with taking on and how long you expect to live. You should also research different types of IRAs and decide which one best fits your needs. Once you have decided on a particular type of IRA, make sure to compare rates from different financial institutions to get the best deal.