When I was 16, I got a summer job and decided I wanted a good way to save the money I made. My parents suggested a Roth IRA and explained what it was. I’ve heard that if you start saving for retirement early, the interest really adds up. So at the end of the summer, I opened a Roth IRA in the form of a CD with most of the money I made. I did the same thing the next year, too.
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More "How I Did It" stories
How I did it: go online and sign up. it's that easy. really it is. It took me maybe four mouse clicks to do. Google the details of Roth IRA first. Read how I did it…
How I did it: Talked to friends and coworkers and did a little internet research into the best investment firm to put my money in. When I made my decision (T. Rowe Price) I looked at the different funds offered and picked one that looked reasonably safe and that had a small expense ratio. Read how I did it…
How I did it: As a current E*Trade customer, I started up a Roth IRA account. That part was easy. Now I just need to start picking my investments ... which is going to be harder. Read how I did it…
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PeaceNLove09 is writing down entries for future reference...
I want to open up one and max it out each year if possible.
Suze Orman recommends this.
rocketChips does all her own stunts and will defend her liver against all beers, foreign and domestic
“IRAs were created to encourage people to save for their retirement, by offering them a significant tax break. They are intended for ordinary working people – not, for example, the wealthy (income limits prevent them from participating), or trust fund kids too lazy to get a job (contributions have to be made from salary, not from investments or other income).”
I’m ordinary.
I’m working.
I’m people.
Woo-hoo! IRA here I come!
ChiOmegaGirl is a mommy! She's finally here!
Seriously.
I have no idea.
I have one, but I don’t know what it is. I understand how ignorant that is, but the opportunity arose and my husband and I set one up. He knows what it is, and I know to nod and smile. = )
I gave up because the government at any point in time can start taxing the money that comes out of this type of IRA. I decided instead to teach myself investing hardcore and learn myself how to dominate the investing world…
kittycatpurr here fishy fishy
I’m ready to get started, now that consumer debt is paid off. I already have a 403(b) with PaxWorld, a socially responsible mutual fund. It turns out I actually can roll it over into a Roth.
All I have to do is fill out some forms. And you’d think I was pulling a concrete block uphill, considering how long it’s taken me to do it.
kittycatpurr here fishy fishy
I know I should really really do this right away, but being realistic about my psychology—I won’t start until I have completely paid off my debt.
I did this last year, but I still need to put in this year’s contribution!
Eric could be better
I started my IRA on 1/18 with $1000 I had saved. New goal, max it out for the year!
GQkudzu is thankful that the seed catalogs are already arriving.
I stuffed $30 into an envelope and labeled it “Savings for Roth IRA.” When I hit $500, I’ll start shopping.







