Tykimeister
Recycles dryer sheets
- Joined
- Aug 21, 2008
- Messages
- 98
Hello,
I am looking into starting a roth IRA. The thing is, I'm a student and don't have the $2,000, $5,000, or $10,000 initial investment to start one at vanguard, fidelity, etc... I want to take my next pay check ($600) and put it into a Roth, then add as much as I can throughout the year. Then when I get a better job after graduating I will make the maximum contributions.
I know I can start a Roth at my local bank (wellsfargo) but I would rather start one at a place like vanguard, fidelity, etc, so I can have my Roth IRA and future mutual funds all on the same account. I don't want to keep track of 3 or 4 different investments in the future from 3 or 4 different companies.
So, with a small initial investment into a Roth IRA ($600) how can I start a Roth IRA at a place like vanguard or fidelity? Can I start one at wellsfargo with a small initial investment then "roll over" the IRA into a vanguard account once I meet the $5,000 minimum initial investment? Any advice on this subject would be greatly appreciated.
Thanks,
Ty
I am looking into starting a roth IRA. The thing is, I'm a student and don't have the $2,000, $5,000, or $10,000 initial investment to start one at vanguard, fidelity, etc... I want to take my next pay check ($600) and put it into a Roth, then add as much as I can throughout the year. Then when I get a better job after graduating I will make the maximum contributions.
I know I can start a Roth at my local bank (wellsfargo) but I would rather start one at a place like vanguard, fidelity, etc, so I can have my Roth IRA and future mutual funds all on the same account. I don't want to keep track of 3 or 4 different investments in the future from 3 or 4 different companies.
So, with a small initial investment into a Roth IRA ($600) how can I start a Roth IRA at a place like vanguard or fidelity? Can I start one at wellsfargo with a small initial investment then "roll over" the IRA into a vanguard account once I meet the $5,000 minimum initial investment? Any advice on this subject would be greatly appreciated.
Thanks,
Ty