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URL:  http://boards.fool.com/ira-or-no-10000746.aspx

Subject:  IRA or no? Date:  4/8/1997  11:05 PM
Author:  jeremy Number:  7 of 76395

I am 21 years old and interested in investing. I plan to follow the Foolish Four or some variation of it. I only have about $500 of beginning capital. Should I put this into an IRA (which most brokers do not have a minimum deposit) or into a standard fund? I believe I am eligible for the $2000 tax deduction. My (soon to be) wife does have a 401k plan where she works, but we will not make over $35,000 this year together. My last question concerns brokers. Are there any that will accept a $500 initial deposit? ETrade appears to accept a minimum of $1000, which I may be able to scrape together. Any information would be appreciated.


prime@udel.edu
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