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Thread: Roth IRA's with low minimum balance?

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    Featured Member kandie_kitten's Avatar
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    Default Roth IRA's with low minimum balance?

    I'm looking to start saving for retirement. I'm a little late, 25, but I'm dedicated to saving now regularly.

    I don't have a ton of cash upfront to invest...does anyone know of reliable, established banks or brokers that have Roth IRA's with a minimum investment balance of $1,000 or less? I wanted to go with Vanguard, but their minimum is 3,000.

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    Default Re: Roth IRA's with low minimum balance?

    I think T Rowe Price has funds where you can open an account with little or no money if you sign up for an AIP (Automatic Investment Plan). This is where you set up your bank account to automatically deposit a certain amount in the fund each month. Here's their website:

    https://individual.troweprice.com/public/Retail

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    Banned Melonie's Avatar
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    Default Re: Roth IRA's with low minimum balance?

    Eagle 2 is correct that T Rowe Price, and a few others, have a $1000 minimum on Roth IRA's

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    Featured Member lifetravelergirl's Avatar
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    Default Re: Roth IRA's with low minimum balance?

    Get a Scottrade account, you can manage it yourself online and they won't suck away your profits with annual fees. I made the mistake of going with a broker but I am in the process of switching it over to Scottrade.

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