How to Open a Roth IRA Account
Learn the basics of an IRA.. Understand Traditional IRA's.. Understand a Roth IRA.
Steps
1
Learn the basics of an IRA.
Learn the basics of an IRA.
2
Understand Traditional IRA's.
Understand Traditional IRA's.
3
Understand a Roth IRA.
Understand a Roth IRA.
4
Choose the correct account type for you.
Choose the correct account type for you.
5
Calculate your modified adjusted gross income ("AGI").
Calculate your modified adjusted gross income ("AGI").
6
Determine if you are eligible to open a Roth IRA.
Determine if you are eligible to open a Roth IRA.
7
Decide what type(s) of investments(s) you will purchase.
Decide what type(s) of investments(s) you will purchase.
8
Decide where you will place your account.
Decide where you will place your account.
9
Determine whom you will name as beneficiary.
Determine whom you will name as beneficiary.
10
Apply for a new account.
Apply for a new account.
11
Begin making contributions to your account.
Begin making contributions to your account.
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