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Check with TD Waterhouse to set up your account. I have an IRA and a Roth IRA, and pay no annual fee on either of them.

My income comes in over just six weeks of the year, so I put my whole contribution in at once. TDW or other posters can better advise you re: options for using dollar cost averaging.

There are mutual funds that charge no fee for adding to them. (They probably require a minimum initial deposit greater than $300, but perhaps not; usually the minimums are lower in an IRA. Be mindful of the fund's expense ratio, as well as no/low fees to buy or sell the fund. AND of course the fund's history, management, sector, and strategy!)

Best Wishes, and congrats on getting an early start on retirement.
Alice of the frogfarm

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