I'm required to make a $1,000 initial investment to open the account.I planned to get the account started this week. However, the market is high right now. Does it make sense to wait until the market settles a bit from the Fiscal Cliff issue? When is the next tax reform meeting?Don't rationlize a delay in opening this new retirement account. Just get it done while you're motivated. I don't understand trying to time the market on a $1,000. retirement investment. Say we get hit with a 20% market downturn next week, which would be bad timing. And, the result for you will be a loss of $200. If you try and out think this and don't open the account and set up monthly automatic contributions for 2013, it will be a bigger loss than a couple of hundred bucks.