Archive for the 'Goals' Category

Goal met: Roth IRA fully funded for 2008

Thursday, August 21st, 2008

Last week I made my final contribution to my Roth IRA for 2008. So we’ve contributed all we can to both my wife and I’s personal retirement accounts.  This is on top of our individual company sponsored retirement plans.

I’m happy to say that we’ve managed to fulfill this goal about 6 months early this year, which gives us time to start saving for next years $10,000+ contribution limits.

(Starting in 2009, the Roth IRA contribution limits will be indexed to inflation.)

So now I have to figure out where to stash the money for the next six months.  I’m leaning towards the Emigrant Direct account, since they increased the APY to …

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Posted in Finance, Goals, Retirement, Saving | 2 Comments »

New Savings Goal

Friday, November 16th, 2007

I decided I needed a new savings goal. I mean cash, cold hard cash.

I already contribute the allowable amount to both my wife and I’s Roth IRA, and we both get the full matching contribution to our employers retirement plans. The problem is, that money is slated to be used in 30 years or more.

Some people call this an emergency fund. I already have one of those too.

I’m looking for a non-committed cash reserve. Something that will make me a solid 4-5% return in an Emigrant Direct account, and that will provide some completely passive “luxury” money, or “Mad Money” …

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Posted in Banking, Goals, Saving | 2 Comments »