You can call up any discount brokerage or no load mutual fund company-or head to their website)-and get the application to open a Roth IRA. Below is contact info.
The one catch here is that there are typically initial minimums you must fork over to open an account. The good news is that brokerages and fund companies lower those minimums for IRA accounts, so they can be as little as $500-$1,000, or so. But also check if you will get dinged for any annual account maintenance fees.
Now if you don't have $1,000 ready to invest, don't give up. Ask the brokerage or fund company if you can qualify for an even lower initial minimum investment if you agree to make ongoing investments, rather than one lump-sum investment. For example, at the T. Rowe Price no-load fund company, the typical Roth IRA minimum is $1,000. But if you sign up for the Systematic Purchase account, where you agree to make an investment every month your minimum drops to just $50. That's YF&B friendly if you ask me.
NO LOAD MUTUAL FUND COMPANIES
|NO LOAD FUND COMPANY||TELEPHONE|
|T. Rowe Price||800-225-5132|