Where is the best place to start a Roth IRA?
114694
What are you after, stock trading, mutual funds, etf's?\n\nTry Schwab, Fidelity & Vanguard. Vanguard & Fidelity are always competing for lowest cost mutual funds. Schwab & Fidelity compete on discount stock trading. Can't go wrong with either of the 3 companies. If you have at least $50K then you can get some good deals on commissions from Schwab or Fidelity.
27416
It depends on Age or how much time the person has.\n\nFor this year, I would say EWJ ishares Japan, but this is just my opinion. If you are young, then you worked very hard for that $. Go to Fidelity, and open up a Roth IRA, have the advisor take care of you...
1147648
Stay away from Edward Jones and other neighborhood brokers.  They will fleece you completely with their 6% load fees and 5% / stock transaction.  \n\nFidelity is an excellent company.  Look into the 2040, if this is the year you want to retire or 2035.  These funds have been around for a long time and have no loads or fees associated with purchasing.  If you purchase 10K of the 2035 fund in your Roth, you get 10K worth of assets, dollar for dollar.\nExcellent website: www.fidelity.com
952059
I'd also like to add that the funding of a Roth or any other IRA is by calendar year Jan1-Dec31. You may also make a contribution and designate it for 2006 anytime prior to the 2007 tax filing deadline on or about April 15th. The limit she can contribute for 2006 is $4,000 or the amount of earned income, whichever is less.\n\nVanguard, Fidelity, and T. Rowe Price are all good companies and your mother decides on what type of investments she wants based on her risk tolerance.
678923
My personal opinion is that you'll eventually want to open both.  But at your age, you have a long time to go before retirement, and that makes the Roth much more attractive.  The different is that, with a Roth, all the growth inside the account will eventually come back to you completely tax-free.  Since you've got many years ahead of you, your investments should have grown a great deal by the time you retire, and that will benefit you the most.\n\nLater, when you're in your 40's or 50's and your income is much higher, perhaps you'll get more benefit from putting money into a Traditional IRA and taking the deduction.  Also, it will be nice to have both types of accounts to choose from when you're retired and want to have the ability to decide which account to take money out of.  But, for now, the Roth will provide you much greater opportunity.\n\nThe second question, which you didn't ask, is "How should I invest the money inside the account?"  At your age, I'd lean heavily toward growth stocks.  Best of luck to you.
331893
Roth , Roth , Roth IRA PLAN .
372937
First pay credit cards if you have them. It makes no sense to invest if you have credit cards with 18% interest and investments give you around 12%. After you pay your cards get a ROTH IRA. You can put in 4k max a year on them and their interest grows tax free.
985867
A roth account might be good or bad for you.  They're not good for everyone.\n\nA 401k or IRA is just a type of account, and has nothing to do with how much of a return you can get from your investment.  If you are investing in mostly a diverse mix of stock funds, you should expect a long term average return of 7-9%.  In some years you will get more (like 13%), and some years you will lose money).  In either type, you'll be investing in a mix of mutual funds.  The benefit of a roth IRA has to do with taxes.\n\nHere's the benefit:  With a 401k or traditional IRA, you pay no income taxes now on the money you put in.  You pay income taxes when you withdraw the money in retirement.  With a roth IRA, you pay the income taxes now, and pay no taxes on the money you withdraw in retirement. \n\nIf your income tax rate is lower now than it will be in retirement, you do not want a roth account.  If your income tax rate will be higher in retirement than it is now, then a roth account would be good for you.\n\nHERE'S HOW YOU SWITCH:\nYou "rollover" your 401k balance to a traditional (pretax) IRA.  That means you tell the company that has your 401k to transfer the money directly into an IRA.  As long as you don't receive a check payable to yourself, you'll pay no taxes or penalties.  You then "convert" the traditional IRA to a roth IRA.  This is something the company that handles the IRA does for you.  Basically, they take taxes straight out of the IRA and send them to the IRS.  This makes the money in the IRA after tax, or "roth" money.\n\nBUT...\n\nTo be able to transfer the money from the 401k to the IRA, you'll have to have already stopped working for the company.  AND your company might have the "roth 401k" feature, which allows you to contribute to your 401k plan with after tax money and have exactly the same benefit as the roth IRA.  ALSO if your company matches your contributions to your regular 401k, that will probably outweigh any benefit you could possibly get from the roth IRA.\n\nYou need to talk to the company that manages your 401k plan to find out what your options are.  And call a company that does IRAs to find out more details on the roth IRA to find out if it would be a good fit for you.  Try Fidelity or Vanguard.
196319
Save money. When you get a couple of hundred open a Roth IRA and start investing in an index fund. Do this at your local bank (easy, cheap, friendly) . . . yeah they get paid out of your funds and later you'll roll over the IRA to Fidelity, Vanguard, etc . . . but for now JUST START the easiest way possible.\n\nPS: Assuming you are young and don't get paid a lot REMEMBER that it doesn't get easier to start saving once you have a house, two cars, a wife, and kids. WORSE, you are older and have less time for your investment to grow. START NOW!
4569
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.
251243
If you don't have the option of a 401(k) plan, how about investing in a roth IRA?  You can open one in your bank or online.  It's never too early to start investing for retirement.
531660
You should talk to a representative at your financial institution where you have your IRA. They will be more than happy to give you individualized suggestions.
1039573
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.
120722
It depends on whose money it is. Some people would say the best place is call options on the NASDAQ, other would say mutual funds, others would say bonds, others would say real estate, others would say GICs.\n\nIt depends on your goals and your understanding of investments. Don't blindly trust other people for advice like this. Learn to judge for yourself.
1057768
PUT IT IN A ROTH IRA. I just took a dave ramsey course in school and if u have any other info ask me.. i have an easy to read book on all money questions
916971
Vanguard Mutual funds has the lowest expenses for an S&P 500 index.  Buy it as a mutual fund, not through their brokerage (a brokerage acct is for when you have more money and want to buy stocks, or a lot of different mutual funds.)  Minimum purchase is $3000.  \nFor your IRA, I like the T.Rowe Price retirement fund keyed to your expected year of retirement. (again, this is a mutual fund)  Those can be started with as little as $1000 and $100/month automatic investment from your bank acct.  Call them for more information, both companies are very easy to talk to.\n\nI am not and have never been associated with either company except as a customer and have no relatives or friend who are employed by them.
524763
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.