2007-10-31 00:59:51 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
well i opened up one for my niece for $28.00 at the local bank!!!
2007-10-31 13:47:32 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I'm assuming you meant ROTH IRA not ROTH 401K..........
It depends on the broker or Mutual Fund company. IRA's generally have less "minimums" than regular accounts. You should find some with $500 (or less).
Stay away from banks and insurance companies. They have the highest cost products with (generally) the worst trained counselors.
suggested companies;
Charles Schwab
Fidelity Brokerage
T. Rowe Price
Vanguard
There are many more.... but this will give you a starting place.
2007-10-31 08:32:50 · answer #2 · answered by Common Sense 7 · 1⤊ 0⤋
each mutual fund has their own minimums - so start as low as maybe $250/500 if you commit to automatic monthly investment of a monthly minimum of $50/100 - google "roth IRA low minimum"
2007-10-31 08:30:51 · answer #3 · answered by Anonymous · 1⤊ 0⤋