Where can I start a ROTH IRA for each of my children for minimum amounts of deposits?
Several mutual funds have been increasing their minimums of late in efforts to lower costs during a difficult investing environment. There are still many no-loads with low minimums such as TIAA-CREF and Tweedy Browne ($500 minimum) and Dodge & Cox and Vanguard ($1000 minimum) to name a few. Please review a prospectus in detail and check our mutual fund section before you invest. Another alternative is to invest in a savings account or CD at your local bank or savings & loan which tend to have very low minimums.
