I am interested in investing in a Roth IRA and need one that allows a small investment and won't nickel and dime me out of my money. I found one on Fidelity that only requires a 200 deposit but they require a 200 monthly investment which is double what I have monthly.
2006-09-12 09:23:54 · 3 answers · asked by fredshatk 2 in Business & Finance ➔ Investing
TD Ameritrade offers no-fee IRAs, but I think you have to open with $2000.
Since you don't have that much to invest now, I suggest you put aside whatever you have now, plus your $100/month. When you have enough for the minimum at the institution you want to use, deposit it then. You have until April 15, 2007, to open a 2006 IRA. If you aren't ready by 4/15, then wait and open one for 2007.
It is good that you are saving for your retirement. Don't be discouraged by what you can put aside now. Just keep at it, and the reqards will come. Good luck!
2006-09-12 11:21:30 · answer #1 · answered by Y Answerer 6 · 0⤊ 0⤋
A lot of times a credit union has a Roth IRA that doesn't have a balance minimum and has low monthly investments. My credit union has a Roth IRA Accumulator that doesn't require an initial investment and has a minimum of $10 a month required.
2006-09-12 09:31:49 · answer #2 · answered by Conscious-X 4 · 0⤊ 0⤋
I thinking Northern Funds will open an account for you with very reasonable fees.
2006-09-12 12:50:07 · answer #3 · answered by derek 4 · 0⤊ 0⤋