Message Font: Serif | Sans-Serif
No. of Recommendations: 3
Our original idea was to do a Roth IRA, but we were unable to find a way to open an account with only $300.

If this comes up again, try your local credit union. Typically, they will open a Roth IRA with no or very low ($100) minimums, and it would be a place for the money to grow until you can add more. My kids had their first Roth at our credit union, and just left it there until it reached $1000 through additional deposits when they moved it to Vanguard, who still had a few funds that had that low limit.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.