The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/i-have-been-hearing-how-nice-it-is-to-have-a-roth-11330503.aspx

Subject:  Re: Roth IRA and initial deposit Date:  10/4/1999  8:53 PM
Author:  hghcpa Number:  19347 of 121112

I have been hearing how nice it is to have a Roth IRA and be able to control its performance in a stock or mutual funf account. Problem is, I cannot find one that does not require a large initial deposit ( $1,000 or $2,000) to start it. Does any fellow Fool know of a on-line broker or mutual fund company that do not require large initial deposits for Roth IRAs ?
****

I suggest with minimal funds to start an account that you consider some type of S&P index fund. Vanguard is the one that first comes to mind. Keep adding to it each year until you have enough to open an account with an OLB.

Pete
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us