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Many people never get around to opening a Roth IRA account because they think it is too complicated or time consuming. Others assume they don’t have enough to invest to satisfy financial company minimums for opening a retirement account.
The truth is anyone who can complete the paperwork necessary to open a checking account can easily complete the forms required for opening a Roth IRA. Also many investment firms offer a way around hefty minimum opening deposits. Owning a Roth IRA is a real possibility for even the small retirement investor.
Who Should Consider Opening a Roth IRA
Those who have put been able to put aside a little in savings for emergencies and are contributing enough to a company sponsored 401k plan to capture the maximum in employer matching contributions should consider investing in a Roth IRA. Anyone who has a 401k with no employer matching provision or who doesn’t have access to a 401k definitely should consider opening a Roth IRA.
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Business: American Funds Group, City: Norfolk, Phone: (757)6704900, Address: 5300 Robin Hood Rd, Category: Mutual Funds, County: Norfolk City, Zip: 23513.
