Available Roth IRA Accounts

[Guest 7777]

I am planning to open an Roth IRA accounts. But I don't know what financial Institute offer this service. Would you please advice

Thanks

7777

[Appleby]

Roth IRAs are offered by most ( if not all) banks, brokerages houses, mutual fund companies etc.

You may start by checking your yellow pages under financial institutions or a similar category. As you contact each financial institution, make note of the features of their specific Roth IRA products. Before you buy, the following are just a few things you should compare:

Fees

Rate of return if the investment will be fixed

The investment options

Good luck.

[John G]

You may want to consider mutual funds for your first investment, either directly or under a brokerage. Look for a list of NO LOAD funds (no sales commissions on these) in the March issue of Consumer Reports. You probably want a broadly based fund, and the Vanguard 500 is a good low expense version of a broad based fund. CR has a general overview on retirement investing right around tax time. I have not seen this issue, but they usually choose March.

Right now everyone is doing a Sadam with their investments... going deep into a bunker because of three bad years in the stock market. I would caution against an overly conservative approach. Do not rely on the advice of just one person or one published source. You need to read/talk with a range of people.