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Author: FuskieFool Big funky green star, 20000 posts Top Favorite Fools Old School Fool Ticker Guide SC1 Red Winner of the 2010 Rule Breakers Challenge Answer Team Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 78669  
Subject: Re: New IRA Date: 8/28/2003 10:04 PM
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Let me suggest 2 things. First, open your Roth at Scottrade. No fees for your Roth and only $7 stock trades.

Second, after you put your $3k into the Roth, look at starting an emergency fund. Ideally you want this to be 3-6 months of expenses should the job not work out or another emergency surface. A high interest savings account like ING Direct (2.0%) or NetBank (2.2%) is a great place to park a small amount of cash. In the case of ING, if you let me refer you, you get a $25 bonus and I get a $10 referral bonus. With NetBank, you can get a $50 bonus but I don't get the referral.

There is really only one kind of Roth IRA. The question is where do you put your money. I recommend putting 1/3 in an S&P Index, 1/3 in a small cap value index, and maybe 1/3 in an agressive growth fund. But that is just me.
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