re: Coming into a small inheritance.. what to do with it? UpDated

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Ah ok, so I can have both, maybe place 2k in a Roth and then add to it each year?

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It's easy to start a Roth through Vanguard. You will have many options if you start with $3,000 (most funds have a 3k minimum).

The yearly limit is $5,500. Like I originally said in this thread, get a Roth if you don't have one...max out your Roth if you can. You can actually max it out for 2014 until April.

I'd add $3,500 to your emergency fund and start a fully funded Roth ($5,500).

Check the stickied thread for more info regarding Roths and which funds to select.