What options does a 19 year old have as far as retirement investments such as Roth IRA, with limited cash?

If you have a job that offers a 401(k) program, that would be an easy option, as you can contribute a small amount, and your employer would possibly even match some or all of your contributions.

If you don't have access to a 401(k), a Roth IRA is still a great option for you. With many funds, you would need a large initial investment. According to Suze Orman, T. Rowe Price will let you start one up for as little as $50 a month. If you're going to contribute to the fund little by little over the course of a year, be sure to get a no-load fund with low fees, or else your returns will get eaten up right away. Index funds will have the lowest fees- you shouldn't pay more than .5% in general fees for an index fund, and you should never pay a sales load!

I give you props for looking into this so early- you'll be amazed how much more money you end up with by starting early! Good luck!

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