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ArellaNova,
I started doing some IRA research myself when I was having to deal with a small 401k payout. What I have found is that $500 seems to be about the minimum investment in order to be serious about opening the account. There are both the Simple and the Roth IRA, and they each have different rules about rate of return, the type of transferring of funds you can do, and the length of time you have to leave the money sitting. I would stop by your bank and have them explain the different options to you, or read up on it yourself. If you have the means to start it though, by all means go for it - money that you've "forgotten" about but that is still growing can never hurt.
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Calling from deep in the heart, from where the eyes can't see and the ears can't hear, from where the mountain trails end and only love can go... ~~~ Three Rivers Hare Krishna
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