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First, I'd like to commend you on having enough foresight to start a Roth IRA. It's hard to look so many years into the future. I should know, I'm 25.

Let me give you some info on the Roth IRAs in case you don't already know.

Maximum contribution: $2000 or earned income, whichever is less.

Costs depend entirely on which broker or mutual fund company you choose. Each broker and mutual fund company also has different minimum starting balances and minimum amounts for subsequent deposits, as well as different annual fees.

My advice to you is to look into Vanguard Mutual Funds, and start with the Vanguard S&P 500 Index fund for a few years until you have enough in the IRA to trade individual stocks without having commissions eat up your balance. For Vanguard minimum starting balance, etc, just check out their website at

The Captain
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