CT wrote:
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go to vanguard.com and check out their site tutorials
They are a bunch of good tutorials at fairmark.com

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Yes

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yes you can change anytime. Sometimes there are penulties for changing
too fast.

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yes. vanguard where I have my ira now does. I had it at our local credit
union before that and they had too.

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same as the investment in a non-ira

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no. IRA money cannot be withdrawn without severe penulties before youre
59.5 yrs old except for certain cases.

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fees are minimal. vanguard charges 10$ a yr if your account has <10000$
and none otherwise. scottrade has no fees on ira.

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yes

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vanguard has specific IRA and retirement targetted funds. other places
i;m unaware.

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I want to open an IRA for my retirement savings. I have a few
questions as I am still trying to learn about them.

* What steps would I need to take to opening an roth IRA
* Any companies that members can recommend for opening the IRA and
what questions should I ask them. I read on this forum that first put
money in index funds or a basic MMA in the IRA. I have just 2K to
spare for this year. Will max next year.
* Do the IRA companies allow incremental payments into the account,
like monthly payments or something. Would I be able to view statements
online which shows current balance.
* Would I be allowed to change investment plans during the year or is
it like you choose one plan through the year and you are stuck with
it. I was thinking like choosing aggressive growth till i am 40 and
then conservative or moderate choices after that. (depending on the
market)
* Do you normally have a face or voice to talk to in the company that
you open the IRA with.
* What are the chances of losing investment money?
* Lets say I open IRA tomorrow with 2K and max next year, will I be
able to get access to money in case of emergencies? Is there a fee as
in early withdrawal fees with CDs?
* What about opening accounts with brokers like ameritrade or
sharebuilder? Are they similar to say fidelity or vaguard?
* What about the fees? Can they be waived?
* Do IRAs have transaction fees? Are they similar to transaction fees
when buying individual stocks
* Do these companies recommend investment strategies or are you on
your own?

I guess these are really basic questions and quite a few at that but
thats what this forums is for right?

Thanks for your help.

CT