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One can open up a Roth IRA at most banks and financial institutions either in branch or online. One can do this with the 'Bank of America' for example.

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12y ago

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Could someone tell me how to open a Roth IRA?

I do know that you can go to a local bank or your own bank and speak with there representative's about Roth IRA'S and basic IRA's. They can help you through everything of opening one, also you can do research about Roth IRA's online I found this website wich at the bottom you can click on how to open a Roth IRA, the website is www.yourrothiraguide.com/ I hope this help's and good luck with the IRA.


Where can one use Roth IRA calculators for free?

A Roth IRA calculator is used to calculate the total value of one's Roth IRA. Free Roth IRA calculators are offered by the websites Bankrate, Roth IRA, Money Chimp and Calculator Pro.


Where online can one learn about Roth IRA funds?

One can find information about Roth IRA funds at the official Roth IRA website. On the website one can find a complete Roth IRA guide, FAQs and many other helpful information.


How would one go about comparing traditional ira to Roth IRA?

One could compare traditional IRA to Roth IRA by using the 'Fidelity' website. They have a comparison article between the two including factors such as tax benefits and eligibility.


What are ROTH IRA taxes and how can I apply ?

A Roth IRA allows you to make deductions that are tax free. I would speak to an investment agent to apply for a Roth IRA, as well as receive more detailed information about the benefits of having one.


Can you transfer a Roth IRA to another Roth IRA?

Yes, you can transfer a Roth IRA to another Roth IRA through a process called a direct transfer or a rollover. This allows you to move your funds from one Roth IRA account to another without incurring taxes or penalties.


Where can one find the information about 'Roth IRA Distributions' online?

Information pertaining to Roth IRA distributions can be found online at the Investopedia and the Roth IRA website. Both websites provide valid information pertaining to his or her Roth IRA Distributions.


How can one open a no fee Roth IRA?

Opening a no-fee Roth IRA is a very lengthy but easy process. The most time consuming is to find a financial institution to that offer no-fee IRAs. Upon finding one though, all one must do is fill out an application.


How can I rollover my Roth IRA to another Roth IRA?

To rollover your Roth IRA to another Roth IRA, you can directly transfer the funds from one account to the other. Contact the financial institution where you want to move your Roth IRA and they can help facilitate the transfer. Make sure to follow IRS rules to avoid penalties.


I am 64 years of age. My Roth IRA is about to reach its 5-year holding period on 2010. Will opening a new Roth IRA account be subject to another 5-year holding period?

If you are opening a new Roth at another firm and transferring this account into it, then the answer is no since the new account take on the life span of the previous account. If you are opening another Roth at the same firm that you have the previous one, then yes. Alos, there is no real reason to open a new Roth at the same form for the contribution limit total is is the same for both accounts.


What are the properties of Roth IRA education?

Although classes about Roth IRAs will be slightly different depending on which one one chooses, there will be many common properties between them all. Education about a Roth IRA will include information about what a Roth IRA is, how it differs from a traditional IRA, investment strategies, allowed withdrawals from the IRA, and tax implications.


How does one open a Roth IRA with Ameritrade?

To open a ROTH IRA with Ameritrade, one should visit their official website, which provides a wealth of information regarding IRA in general, the differences between traditional and Roth IRA, as well as the ability to open an account with them.