I was at a conference and a financial advisor spoke about roth iras w/ a 10% interest and how if i invest now for about 5 years I could have up to 2 million when i retire. so I am interested in learning how to open or start one of these
go to Fidelity.com or Ameritrade. I like Fidelity better 'cause they offer their retirement no-load funds (you don't have to pay any commission when you buy/sell). You start an application for roth IRA, then they tell you how to fund it. There are rules about how much you can put in each year. I think it's still $4,000/year this year. Then you can invest in what you want. Mutual funds, stocks whatever. Get the Investors Business Daily paper though on Saturday and check out their top performing mutual funds to get an idea before you jump in because most of them require a 2500.00 minumum investment in them unlike stocks where you can buy one share at a time. |
