Do banks charge different rates? Is it a rate? or a flat first time fee? to open up an IRA account. Which would be better? Roth or Regular? What’s the difference? Appreciate your help!
I am a college student and am unemployed except for a part-time summer job. I have a little money saved up but nothing huge. I looked at Vanguard but their minimum requirement for opening a Roth is $3000. I don’t have anywhere near that amount of money saved up. Does anybody know if I can open one for less with another brokerage firm? Also, can anyone recommend some firms that would be good choices and charge little or no fees? Your help is greatly appreciated.
I am looking to minimize fees incurred. I am eligible and I am not considering other options (i.e. traditional). I am looking for advice to determine which company I should open my account with. This is my first year out of college and I want to get my account started now, but I will probably only have about $1000 for this year. After that, I plan to pay in the maximum amounts.
Also, I am primarily looking to open this account with a brokerage firm. I have an account with Washington Mutual and would consider them if there were significant advantages.