No. of Recommendations: 1
Congratulations on graduating, saving some dough and starting a new job. Sounds like you are in a great position to start saving for retirement.

I am thinking of doing through a discount broker like Ameritrade.

I recommend you also check out Scottrade for a Roth. It is totally free for mutual funds.

1. True No-Fee IRA - no set up fee, annual maintenance fee or termination fee.
2. No transaction fees on mutual funds held more than 90 days.
3. Internet listed and NASDAQ trades just $7.00.
4. No outgoing account fee.
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