I finally opened a Roth IRA

After making it a goal probably about a year and a half ago, I finally opened a Roth IRA. I chose to do so through Vanguard because they have a pretty low expense ratio, and because they are well-rated. I went with their Total Stock Market Index Fund, because it's pretty steady, and I'm not a big risk-taker. :)

Vanguard makes the whole process very easy. The main painful part is reading the long documents that you have to agree to before completing the process. However, the material in these made me think that they were probably pretty standard. The other annoying thing was that I filled everything out, but then wanted to print out the documents and read them before signing, and I couldn't find an easy way to save my progress once I got to the point of printing out the documents.

They require an initial investment of $3000, so you do have to save up a bit before you can open one. I also plan to continue to contribute monthly in order to max out my yearly allowable amount, which I had thought was $5500, but is apparently only $5000.

But hooray for FINALLY opening a Roth IRA. Next to find out more about Lending Club or a similar service. It's sounds like a good way to invest some money and earn a higher rate of return.