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Roth IRA Help Please!

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Domino
Always My Miracle

Member since 9/05

9923 total posts

Name:

Roth IRA Help Please!

Ok...I'm totally clueless...numerous people have informed me that I NEED a Roth IRA, so I am going to start one....this week....but....I have no idea where to goChat Icon

Do I need a financial planner? Do I go to a bank? Who manages the IRA? I dont know where to start.

I also dont know what the max is that I can put in. Any and all help and guidance is greatly appreciated!!!!

Posted 8/4/08 9:39 AM
 
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MarathonKnitter
HAPPY

Member since 2/07

17374 total posts

Name:
EMBRACING CHANGE

Re: Roth IRA Help Please!

where: almost anywhere. choose a place where you're comfortable. your local bank should have them. if you already have money invested, you might feel comfortable going with that financial institution.

how much: i think the max is $4000

Posted 8/4/08 9:43 AM
 

Shroggie
Don't Worry...Be Happy

Member since 5/06

6261 total posts

Name:

Re: Roth IRA Help Please!

The maximum contribution for 2008 is $5,000.

If you're over 50 yrs old, it's $6,000.

Posted 8/4/08 10:02 AM
 
 

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