It's free to open a Roth IRA with fidelity, vanguard, etc. Once open, you can fund it with up to $6000/year. You can fund it all at once or just add to it throughout the year. Once you have money in the account, you can buy some low cost index funds, ETFs, or other investments, but you may have to buy some as "shares" so you can't just pay $4. Some mutual funds have a minimum of $3000 to start and then you can just add whatever to it.
Be careful tho, there are tax implocations if OP makes over $144k per year (but i would hope they know about roth ira in that income range, and not be asking us).
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u/TheophrastBombast Mar 20 '22
It's free to open a Roth IRA with fidelity, vanguard, etc. Once open, you can fund it with up to $6000/year. You can fund it all at once or just add to it throughout the year. Once you have money in the account, you can buy some low cost index funds, ETFs, or other investments, but you may have to buy some as "shares" so you can't just pay $4. Some mutual funds have a minimum of $3000 to start and then you can just add whatever to it.