Not to sound like a shill for Motley Fool products (I don't work there), but last month I was setting up my own IRA for the first time, and I used the 30-day free trial of the "Rule your Retirement" service and found it super helpful. If you unsubscribe before the 30 days is up by e-mailing customer service, it's truly free (I did this).http://www.fool.com/shop/newsletters/13/In their on-line resources, they have lists of recommended mutual funds for all the different categories of asset diversification. Plus, Motley Fool retirement experts read and respond to questions on the subscriber message boards. My personal advice: I ended up buying a few different Vanguard funds for my IRA because of their low fees. High mutual fund fees can kill your investment performance over the long run. The downside of Vanguard is that almost all of their funds have $3000 minimums, which is big when you're just starting out. But a lot of their funds can now be bought as ETFs in a regular IRA brokerage account with no minimum investment. I also own BRK.B in my non-retirement account.