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Q:
Asked by John 11/18/12

How much money do I need to start a Roth IRA?

Matthew Malone A:
Answered by Matthew Malone 11/20/12
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146 out of 157 people found this useful.

The government doesn’t define any minimum to open an account; policies vary by the financial institutions themselves. Some financial institutions will charge a maintenance fee on accounts with “low” balances. Most often, you’ll run into a minimum balance requirement with mutual funds. Some require an initial investment (often $500) to buy into the fund.

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