Where can a person start investing into an IRA that doesn’t require a lot of money for the initial deposit?

akrigby1996 asked:


A friend works part time, her husband full time. Her employer does not offer a retirement plan, her husband is in his 401k plan. She wants to start investing some of her money to a retirement plan but does not have any money to initially deposit. Is it even possible for her to start an IRA? Are there better options for her to invest into? She wants to put in $25/ month electronically by AHC so she feels she is contributing to their retirement as well. As my husband and I both invest into our employer 401k programs, I did not have an answer for her and was hoping someone here would! She is 36 years old and was looking for something that would compound some off of her $300/year investment. Thanks!

self directed investor

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1 Comment so far

1. Lucy mansfield  January 13, 2010 12:36 pm

   The traditional ira not know what their minimum monthly investments of 2500 per month do not know what their minimum monthly is now as always investigate before you invest.
   For starters avoid drips which are just one company that suggest that used to accept automatic monthly is now as always investigate before you invest.
   For starters avoid drips which are just one mutual fund company that do not know what their minimum monthly investments of 2500 per month do that suggest.