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I am receiving a settlement shortly. What is an IRA?

Asked by trailsillustrated (16799points) November 28th, 2011

So my divorce has come to terms and I can go home. A bulk of the money must be put into an IRA. I don’t know what this is, and I will be in Australia. Will I be able to access it? What exactly is it? And where do I find a broker for it? Any help much appreciated.

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