Best Roth Ira

One of the smartest money moves anybody can make is to invest in a Roth IRA.  When you are just starting to invest, a Roth IRA fund should be your first stop, even before you open a regular, taxable account, or contribute to a work place retirement savings account.  If your employer offers a match on your 401K contributions, do not pass this up.  That is free money to you!  You will want to make sure you are contributing enough so that your company will match your contribution.

Investing in a Roth IRA can be just about anything: stocks, bonds, mutual funds, CD’s and even real estate.  It is easy to open Roth IRA accounts.  If you want to invest in stocks, go with a discount broker.   For mutual funds you will want to go with a fund company.  Go with your bank to invest in CD’s, or money market accounts.  Shop around so you can find the best rate before you invest in a Roth IRA.

Not sure where you are going to find the money to invest in your account?  Consider investing your tax refund check each year.  About 70% of us get a refund, and last year the average check totaled over $2,700.  That cash would be a great start to your Roth IRA, or an addition to an account you already have established.

Many banks and brokers will let allow you to set up an automatic invest plan that will take money directly from your bank account and deposit it into your Roth IRA.  This is a good way for many people to save, because you are not actually writing out a check each month.  At the same time you are adding money to your Roth IRA account.