Roth IRA, where to open an account at?
214759
A bank and insurance company are the last places to go for a ROTH or regular IRA.  The investment choices are rarely good or they're way too expensive......\n\nIf you don't like Schwab (I think they're fine) try; Fidelity, Ameritrade, Vanguard... The fees should be reasonable. Edward Jones is also a great choice.... but you'll be paying "commissions" on almost every transaction ($400 - $600 for every $10,000 put in a Stock Mutual Fund") (they are good in their recommendations, their system watches out for consumers getting into inappropriate products).\n\nGood luck.....\nBTW: Learn more over the next year. It will make you a better investor & richer.... it's not as hard as some would want you to believe.
243182
Under IRS rules, you can only roll over a 401k into a Traditional IRA and wait at least one year before moving it into Roth IRA. Remember, 401k sitting in previous employers will not have any growth. It is a frozen account until you roll it over.\n\nIRAs are always a good plan to save for retirement. You can pick any mutual funds that is offered by a financial institution (most mutual funds require a minimum initial deposit of $1000). And can be tax free after age 59 1/2 when you start using it.
676569
Automatic savings.  Open an IRA for retirement and automatically have $200 per month taken out of your pay and put in that account until you max out on the yearly limit.  You could even more than $200 in now, since the year is half over.\n\nPay yourself first.  You can't spend it if you never see it.  Your old self will thank the smart young self that started saving.
512306
Can't imagine why you would want to do this.\nJust a can of worms.\nYou would then have to decide whether you were an Orangeman or in the IRA.\nForget it.
13697
You can open accounts at Vanguard or Fidelity, both have lower expense ratios compared to the competition. Most funds have a minimum initial investment of $2500, unless it's for an IRA. You can set up automatic deductions to buy into the fund monthly.\n\nAlternately, you can buy ETFs (Exchange Traded Funds). There may be an ETF that tracks a specific mutual fund you are looking at. Vanguard has a huge list on their web site. You can buy the ETFs through a discount online broker like scottrade.com or etrade.com. You pay per transaction but the maintenence fees are usually slightly lower than buying an actual mutual fund.
166
Just go to vanguard.com or any of the brokerage firms (Vanguard usually has the lowest fees), sign up for a rollover IRA account, and follow the directions they give you. It usually involves filling out a form and submitting that to whatever company is managing your old 401(k).
72981
I am not sure exactly what your question is asking.  If you retire at 55, but need to access your IRA money right away, you should look into IRS rule 72t.  There are a few different methods of doing this and you need to sit down with a tax advisor to make sure that you do it right.  Click this link for an article that has more info\nhttp://ktla.trb.com/business/yourmoney/sns-yourmoney-0403moneytalk,0,7524444.story\n\nGood Luck!!!
20931
OK, you CANNOT roll a 401k account directly into a Roth IRA. You can roll your money into a Traditional IRA and avoid any taxation and penalties. (Definetly a good idea.)\n\nYou could then convert your Traditional IRA to a Roth IRA, but in doing this you would have to include the amount you convert as taxable income (pay income tax on the full amount). This may push you into a higher tax bracket, depending on your income and the size of your account.\n\nAssets in a Traditional IRA will be taxed when you withdraw them in retirement while the Roth IRA assets can be withdrawn tax free in retirement. Speak with a financial planner to help decide which choice is best for you.
127760
Try your bank. That is always a good place to start.
190760
If you have at least $500 you can open a brokerage account in scottrade.com\n\nIf you don´t have $500.00 you can start here http://www.qqqdirect.com with just $10 per month.
621574
IRA is Individual Retirement Account.  It is a retirement account.  The basic forms of IRA's are Traditional and Roth.  Traditionals are tax deferred (you dont pay taxes on the money you put into it but you pay when you take it out and any gains).  Roth grows tax-free but you pay taxes on the money prior to putting it in the Roth IRA.\n\nCD's are Certificates of Deposit.  It is basically cash that is locked up for a predetermined period of time that earns interest at a higher rate than the overnight rate you get on a basic savings account.  \n\n401's?  If you mean 401k's, they are similar to Traditional IRA's but are associated with your employer (whom will usually offer matching funds up to a certain point).  This is another retirement account.
587380
Forget about everything else you've read here.  As long as you have a debt in collections, you concentrate on that first.  Then you concentrate on your credit card debt.  Every dollar you put toward that debt yields you a tax-free 24.99% gain instantly.  You can't beat that.\n\nThen you need to put together an emergency fund.  You can save all you want, but if you're one emergency away from ruin, that's not a good thing.\n\nNow, if you work for a company with a 401(k) plan with matching funds, put money into that up to the maximum match.  Free money is good.  If your company doesn't offer a match, then you can think about the IRA (Roth IRA is preferable if you qualify).\n\nWhile you're paying down you're debt and putting together your emergency fund, get yourself a basic education about investing.  As you can see, your first 3 answers all disagreed with each other.  How will you know who is right?  And how can any of them tell you what you need to do if they don't even bother to ask about your circumstances?  Buy a book about investing, so at least you'll know if their advice (or even a financial advisor's advice) makes sense for you.\n\nPersonally, I recommend "The Only Investment Guide You'll Ever Need" by Andrew Tobias.  It might not actually be the only guide you'll ever need, but it will give you enough of a foundation to determine if you need to learn more.  Good luck to you.
167672
A Roth IRA is an individual retirement account (IRA) in the United States. A Roth IRA may invest in a variety of options such as stocks or mutual funds. As with all IRAs, there are specific eligibility and filing status requirements mandated by the U.S. Internal Revenue Service. A Roth IRA's main advantage is its tax structure. Contributions are made only from earned income that has already been taxed (and are not tax deductible), but withdrawals up to the total of contributions are federal income tax free, and withdrawals of earnings (anything above the total of contributions) are often federal income tax free.\n\nRoth IRA contributions are limited as follows:\n\nAge 49 and below: 4000-5000\n\nAge 50 and above: 5000-6000
47095
I suggest getting busy with your own Traditional and Roth IRAs. Vanguard has great offerings and very low costs. The annuities route is very complex, but if your situation is That Good it would be useful to contact a real financial advisor.
288097
Find a financial advisor you trust (through interviewing them).  They will provide good investment advice.  Both IRA's grow tax deferred (you don't pay earnings along the way).  The differences are that \n\nTraditional ira- tax write off on contributions, taxed fully when withdraw, can't withdraw b4 59.5yrs old w/o 10% irs penalty and taxed on everything\n\nRoth- all contributions are already taxed (can't use it as a write off), by the time you're 59.5 yrs old (and assuming you had the account at least for 5 yrs) everything is tax free.  You are also allowed to take out the principal at anytime w/o penalty.  Some other rules apply to fully withdraw w/o penalty (i.e. 1st home purchase, higher education, etc.)\n\nAgain, if you have little to no investment experience, DO NOT listen to those hot stock tips, Suze Orman, or whatever is on TV.  By the time you hear of those 20% returns, you're already too late (i.e. real estate).  Please, please work with a professional.
135478
Yes. www.mexonline.com/banks.html is a good place to start.  Remember, you are a US citizen and are required to declare any interest or earnings you make...anywhere.
1661
30 years of contributing the max to a Roth IRA each year should create a million.  If you have a 401k at work that offers matching, contribute enough to get the max of the match.