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Hi All,

I don't hang out on these boards much, but I'm wondering if I can get a few opinions on a simple and oft-repeated question? My daughter, just turned 20, has also just started her first job (just for the summer). She's interning with a large oil and gas co, and very fortunate to be making fairly good coin for a rising junior in a liberal arts program. We're going to sit down this week and open her first investment account, pick a nice low-cost index fund and start putting back x% of every pay check, never to be touched again (at least for 40-odd years). My own sense is that the Roth is best choice for her at this point: She wont be paying much tax anyhow, and with the Roth she has the freedom to trade without tax implications (although I dont suspect she'll be trading much for a while). Also, she wont have any taxable income imputed on dividends paid by the fund. So my question is: is an IRA the best choice for a 20-year-old setting up her first account, and is the Roth the best choice of IRA?

Thanks for any advice
~Bill
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