Can anyone give me advice on starting an IRA? I am currently a SAHM. I have researched IRA's online and I know that I want a Roth. But I don't have alot of money to start one with and I don't have a lot to contribute each month.

Well I have one, but unfortunately can't help you much. The guy that invests our money recommended one for me years ago and slowly converted a lot of my retirement into Roth. Like I said, don't know much about it but he said it was better. Hopefully someone financially smarter than me can answer you.

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We are looking into them as well. These are the ones where the money comes out tax free right? I think the minimum you can agree to put in each month is either $25 or $50 a month.

Go to Kiplinger.com - Personal Finance, Business Resources, Retirement and Financial Advice or money magazine's website and look for articles about roth iras. The money invested in these funds is taxed at your current rate, but when you retire the money can be withdrawan tax free. The theory is that you could be at a higher tax bracket when you retire so you pay the taxes on the money now when you are at a lower bracket. I'm not sure of the age when you can withdrawal. We are looking at a roth for dh and I am looking for a no-load fund. I have been researching t rowe price, vanguard and fidelity.

i think suzi ormans web site has some things about it. We are also looking into it for me a SAHM. There is always so much to look at your savings, your retirement your emergency fund etc......

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I know there is so much to plan for. I don't even know where to start... It is overwhelming especially when you are on a tight budget!

Most Roth accounts I have seen have a minimum to open and a max yearly contribution - I socked a little here and a little there away in a traditional savings account until I had a little over the minimum to open then opened a Roth account through my primary bank. Since you have already paid the taxes on the money going in the only taxes you pay is on the accured interest when you withdraw. Plus you can use the money for your retirement or your kids education and it does not count against them for financial assistance either. I do suggest you look carefully and do your research prior to putting any money anywhere.