conversation: User (Swain24): "I have $20,000 sitting in a checking account earning nothing and I am ready to put $5,500 towards a Roth IRA.\n\n\nWhat are the steps to actually doing this?\n\nCan it be done all online? Do I need to go somewhere like a Scott trade?\n\nSorry if this seems like an idiotic question, I am a recent college grad with limited knowledge on personal finance.\n\nThanks in advance!"
  Self: "I am looking to do the same thing actually. I opened a ROTH IRA with TD Ameritrade thinking I would slowly pour money into mutual funds, you get burned with a 50 fee EVERY SINGLE time you buy shares of a fund.\n\nSo, I said ef that and am now looking at Vanguard. Its a first party situation, so it looks like there are no transactions fees (just the normal fund expenses) and you can do most everything right on their website.\n\nOnly downside is its a minimum $3000 to open an account, so I have to save a bit before I can take the plunge. No minimum contribution after the initial tho, so I've got that going for me..."
  penguin_brigade (penguin_brigade): "Vanguard ETF's on TDAmeritarde are commission-free as long you keep them more than 30 days."
  