No. of Recommendations: 1
I went to the T. Rowe Price website, but it still confuses me. How do I choose which funds to use for the IRA? I need a SEP-IRA for myself, and it looks like a ROTH for my son. I also couldn't find where to look for what they charge to do the services. Aren't there places which charge very little?

I would take a look a what Vanguard can offer before making your final decisions. This is the link to their SEP-IRA Page:

You can probably manuver your way through the Vanguard site to answer most of your questions. Also, it may make things easier if both you and your son had your respective IRAs with the same fund company.

It's pretty difficult to make suggestions about what to put into your IRAs without knowing more about your financial siuations. Prior investments, how much risk you are willing to take on, how old you both are, etc. However, a good starting point would probably be the simpliest and to me that represents one of the new Targeted Retirement Fund-of-funds that does all the work for you:

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