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This seems like such a simple question..but I want to make sure I understand. When you decide you want to open a Roth IRA account do you have to have the $2000 to open it? Also each year can you make contributions monthly or does it have to be in a lump sum of $2000?

First question: depends on the broker and what their minimum is to open an account. Most are $2000 or so, but you might find some that are less.

Second question: Either way. However, you may find, especially at first, it's better to get a bunch of money in at once, because the commissions when you buy stock etc come out of that. Therefore, minimize the number of transactions and keep the cost down or it'll take a big bite out of your principal.

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