If your money is in an IRA savings account, the answer is no – there’s essentially no risk of losing your money. Bank and credit union savings accounts are federally insured for up to $250,000 per account, and if you have more than that amount you can open more than one account. However, if your money is in an IRA investment account, it’s typically invested in the stock or bond market. Those assets can go down value, causing you to lose money.