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Q: How much money is needed to start a Roth IRA account?
Asked by Ralph ON 1/28/13
Answered by Matthew Malone ON 1/29/13.
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34 out of 52 people found this useful.
A:
There is no minimum established by the government to open an IRA, but some mutual funds and other investments may require a minimum initial purchase. You need to check each investment individually to find out.
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Important 2012 Information
Each year, the IRS updates the rules for Roth IRA. Here are all the details for 2012: