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Roth IRA's


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Guest SusanIFried
Posted

I am interested in contributing to a Roth IRA. What do I need to do?

Posted

I think a good starting point for you would be IRS Publication 590. It has a section covering the basic rules for a Roth IRA as well as other plans of retirement under Code Section 408.

Earthy

Posted

The prior advice was good - pub 590. If you have the earned income and otherwise qualify, then you will need to find a "custodian" for your Roth contributions. Custodians can include banks, brokerages and mutual funds. See some of the older comments on related to "just getting started". Custodians vary in terms of the investment options they offer and the fees (if any) they charge.

If you want additional advice, you need to provide some other info such as marital status, approximate income, age and investment experience.

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