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I am convinced into opening a Roth for self and wife.
We meet the AGI criteria.
Have a long way to go before retiring.

Thinking of putting it in a S&P 500 based index fund.
Have some questions.

1. Do you think it is a good idea to put this into such a fund?

2. Which one is a good one? I am thinking of putting it in Vanguard Index 500. Any suggestions?

3. How do I go about starting it with Vanguard?

4. Can I do it at anytime? Meaning should I open it right away knowing that I am going to do it anyway. Or wait until the cut off date for the taxable year.

5. What is the cutoff date for the year? Is it the calendar yr or April 15, 1999, for 1998.

6. How does one track the performance of one's Roth investment into a fund? Just follow the account status information the broker provides?

An Obvious Novice.
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