Re: Does it matter where I open an Roth IRA?
It matters very much where you open a Roth IRA.
A Roth IRA is just the tax-deferred wrapper, but you still have to decide what kind of investment. It could be a bank account (this i wouldn't advise), a mutual fund or something else.
I'd suggest a no-load mutual fund from a well-known, reputable name, such as Fideltiy or T. Rowe Price or Vanguard. (Keep in mind that not ALL of Fidelity funds are no load, just some of them.) Deciding what kind of mutual fund depends on a lot of factors such as your age and time to invest (10 years as opposed to 30, say), your tolerance for risk and so on. If you're in your 20s or 30s, i would say a fairly aggressive stock fund.
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