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 »

Roth IRA fully funded: 1 month early

Wednesday, November 28th, 2007

The annual funding limit for a Roth IRA is $4,000 per individual account annually. The IRS provided an extension, in effect the cut off date was the date your taxes were due, so you were given an extra couple months.

My goal for last year was to fund by my wife and I’s Roth IRA by year end. Calendar year end, that is.

Typically I’d probably stretch that out in light of having some extra funds on hand for Christmas shopping. However, with the current state of the stock market as it is, it troubled me that we were …

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