3. SHOULD I SET UP A ROTH IRA? Yes!! You can set up a Roth IRA account and contribute $5,500 per year ($6,500 if you’re 50 or older). You can even do so if you are already maxing out your 401(k) contributions. Opening a Roth IRA is as simple as opening a bank account. TD Ameritrade, Fidelity, and Schwab are three firms that make the process incredibly simple. You can do it online in less than ten minutes.
