I want to start a roth ira and invest in mutual funds
I read the book "The Wealthy Barber" and I want to start my ROTH IRA and put my money in mutual funds and start planning for retirment using dollar cost averaging and compound interest. I don't know what else to do and where to start. I dont understand how to start the process. I know I don't really want to pay a brokerage fee. I guess I may have to pay a mutual fund manager fee. How do i go abou this? thanks
Asked By: Madden09 - 8/12/2008
Best Answer - Chosen by Asker
You can log on to the website of E*trade, Scottrade, Fidelity, etc. and fill out a ROTH IRA application on- line...then send a check for your initial deposit...in a couple of days you will get an ID and password and you can log on to your " portfolio".... Your entire amount will be in " cash"... so, then you just go... More
Answered By: jebediabartlett - 8/12/2008
Additional Answers (2)
A Roth IRA is an excellent way to start planning for retirement. You can put your money in mutual funds and not have to worry about taxes. Mutual funds are an excellent choice because they less risky since they are diversified. They are also professionally managed so you don't have to worry that you don't have... More
Answered By: Theodore B - 8/12/2008
First of all, I'll reiterate the kudos to you for thinking about your future. It's astonishing (and very sad) how many people don't do this...until it's too late... More
Answered By: El Guapo - 8/14/2008
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Shop Online or Sign Up To Sell AVON & Earn Fast Cash Today!
Click. Search. Apply. Free!
Free for Job Listers and Job Seekers!
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.