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The only limitations on Roth IRA are $2K/yr max contribution (total of all your IRA's for that year) and income. Therefore, if you have not already contributed to an IRA and you meet the income requirements, you are elegible to make a $2K/yr contribution to your Roth IRA.

Available Roth IRA's cover a full array of investment options. You will find plans at banks, credit unions, mutual funds, stock brokers, and insurance agencies--to name a few. There may well be others.

As to where to open your account, your first decision is how you want to invest. An index mutual fund as at a mutual fund company or Foolish Four (or one of the other Foolish portfolios)--usually in a self directed Roth IRA at a discount brokerage firm--are reasonable places to begin.

Foolish Four for the first $2K can be somewhat costly initially in terms of brokerage charges even at a discount broker. If you make each years contributions however, within 3 to 5 years your account should be large enough. One way to avoid the cost problem is to invest in mutual funds or Spyders for the first few years and then switch to Foolish Four.

If you advise Waterhouse you would like to open a Roth IRA account with a $2K contribution, I am sure they would be willing to oblige. From there you make your own decisions.
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