I'm expecting quite a bit back from the IRS and would like to put in at least $1000 to save and build interest. I'm 22 and still in school. I was thinking of opening a ROTH IRA but I'm not sure which bank to open from.
Thanks!
I'm expecting quite a bit back from the IRS and would like to put in at least $1000 to save and build interest. I'm 22 and still in school. I was thinking of opening a ROTH IRA but I'm not sure which bank to open from.
Thanks!
A Roth IRA is a really good idea.
Do it yourself. Get an account at Fidelity or Vanguard, open a Roth IRA, and put it in a target date fund with the year you expect to retire.
Example, if you are 22 and will retire at 65, that is 43 years from now, or 2054. So, put it in a target date fund for 2055.
Set it and forget it.
I'm not a guru, I do a lot of investing though. My advice is (a) Don't get advice off letsrun and (b) Don't invest in the U.S. stock markets because they are f***ed up. Plus the U.S. is going to continue sliding over the long term so your investments will deteriorate in value.