Re: IRAs for young people?
Do you have earned income? You can only open and contribute to an IRA if you have income from a job. If you do, absolutely, the earlier you start saving the better.
Most people in these forums like Fidelity and Vanguard for opening their IRA, but account minimums may be an issue. Vanguard recently raised the minimum investment from $1000 to $3000. Fidelity's minimum is $2500; however they have something called a SimpleStart IRA which allows you to contribute $200/month or $600/quarter with no initial investment.
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