<prompt> Human: Im currently a senior in college and I have been looking into opening a Roth IRA for a while now, probably with Vanguard. I make about 4500year from my part-time job but I can afford to put it all away because I have other savings and Im still dependent on my parents. x200B;The only issue that is making me hesitant is when I talked to my parents about it, they had no idea what a Roth IRA was and thought it was a traditional retirement fund and therefore dropped the subject because they dont understand it. My taxes are still filed with my parents by an accountant they hire and since I make so little, all the taxes I pay at every paycheck comes back. Since my taxes are still filed together with my parents, Im worried how opening the Roth IRA might affect that process. Does anyone have any experience with this? Thanks!  <response>: If you make 4500year, you can put 4500 per year into the Roth IRA. That is a hard limit-- extra money gifts, for example cannot go in this fund.The money is taxed BEFORE it goes in the roth, so it should not impact anything. Plus, filling out taxes with a roth is pretty straightforward. Just answer the questions. If you dont pull out any money, nothing complicated happens.Opening an IRA NOW is a great idea. Please please please do this. Normally, I would advise that you set aside an emergency fund first, but if your parents are safely able to support you, you may not need one.Where to invest? Go on Vanguard and look at their fund options. They are a good place to start because of the low fees. Fidelity is another option, but I believe vanguard has lower fees. Look and decide for yourself.A word of caution-- the stock market ebbs and flows. It WILL have downturns. Dont panic. Youre in it for the long haul. 