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My son, who is a student, wants to open a Roth IRA. He only has $ 25.00 per month to start. He doesn't think this is enough to start. I told him the important thing was just to get started. I thought the best place for now would be in an index fund. The problem- higher minimums than he has.IE- T. Rowe Price/ $1000.00 min. to open & $ 100.00 minimum to add. Vanguard has similar numbers. Any suggestions? Thank you for any help.
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