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No. of Recommendations: 1


Basically here it is: I want to open a ROTH IRA through either Merrill Lynch or a mutual fund company directly. Which is a
better idea for my future? And could I send $1500 to my index fund and $500 to my aggressive growth fund each year? I just
want my money to be secure yet mobile and I want to be able to adjust my position in these funds relatively easily.


I would pass on ML as I think the cost would be higher and of no benefit to you. Look at Vanguard and Fidelity. Both have brokerage accounts and funds. Also look at E*Schwab.

You can have as many ROTHS as you like and as many different investments in them as you would like. Mutual funds will have a minimun amount to open. I think the 500 is adaquate. However you may have some annual fees until the account grows to a certain dollar amount.
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