One way of investing is an IRA CD. It pays a high rate of interest, more so than a savings or money market account. This is because you are letting the bank or credit union use the funds for a longer period of time.
I think you misunderstand what an IRA is. There are two types of IRAs. One is a Roth IRA, and the other is just an IRA. The second one is often called a Traditional IRA (TIRA) to make it clear you...
If the CD is already in an IRA account, you can transfer it to any other IRA account that will accept your CD. However, unless you have a brokered CD, it ordinarily can't be transfered to another...