Like one that you deposit $200 a month until you reach $2500 or whatever the min amount is for a regular IRA with that company? Which broker allow this?
2007-03-15 17:31:28 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
www.etrade.com is a good one. You can set up automatic investing or simply do it yourself whenever you want to add a little bit more. You can use it for smaller accounts like yours or much larger accounts. (for later when you build lots of wealth)
2007-03-15 18:38:37 · answer #1 · answered by Jim 2 · 0⤊ 0⤋
Go to www.ingdirect.com. You can open an IRA with them. The minimum initial deposit is $250. You can open up a savings account that pays 4.5% interest and gradually add to that until you get enough for the initial deposit and then transfer the money straight from that account into your IRA.
http://home.ingdirect.com/products/products.asp?s=IRAFeesMinimums
Here's the link to the site explaining all the fees.
2007-03-15 17:35:59 · answer #2 · answered by k_hart100 3 · 0⤊ 0⤋
Here is a useful review list of discount brokers who do not charge fees for IRA's and also allow monthly contributions.
2007-03-20 18:04:44 · answer #3 · answered by answerman 1 · 0⤊ 0⤋
Almost any bank can set that up for you. You'll want to shop around for the best interest rates, seeing as how you're going to leave it there for a long, long time.
2007-03-15 17:33:55 · answer #4 · answered by Peggy K 5 · 0⤊ 0⤋
I think T Rowe Price does that
2007-03-15 17:33:55 · answer #5 · answered by coolmommy 4 · 0⤊ 0⤋
buyandhold.com is pretty good
2007-03-21 15:27:24 · answer #6 · answered by Domino 4 · 0⤊ 0⤋