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All this Foolish Four in a Roth IRA talk is telling me, get off your butt and DO SOMETHING. I currently have nothing invested in an IRA. Have just started on the employers 401k, just enough to max out the employers contribution

Have decided to invest in Roth IRA's for myself and my spouse. I just wanted to clarify some doubts.

Originally we were thinking of starting with 2k each, open an account with Vanguard and put them into their S&P 500 index fund. Leave it out there for a couple of years and then once it accumulates a certain amount, start thinking of investing in stocks, using say Foolish Four or RP4(BTW, can you suggest which one is better?)

But now I realize that I could open 2k for 1998 and 2k for 1999, say in the first week of Jan and start directly on stocks.

Here is the plan. Let me know if it is a good one.

For myself

- Open IRA account with 4k with the broker
- Put them into say FF4 or RP4, depending on what you all suggest.

For my spouse

- Open IRA account with 4k with Vanguard
- Put them into the 500 Index fund

What do you think? Please suggest.

One more thing. I have a brokerage account with Ameritrade. They are advertising a No setup fee, No annual fee IRA account. Is that all I need to hear about their IRA account?

Thanks in advance for your input.

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