enchantment under the sea coin purse by kate spade
a roth ira's (individual retirement account) main advantage is that instead of giving a tax break upfront, you won't get taxed on the money once you begin to withdraw it during retirement. this is awesome because the money will already be taxed and once it starts growing interest and you're ready to use that money it is all yours. roth iras make a great supplement to a 401k.
most accounts will not allow you to contribute more than $5000 a year if you are under 50, that's around $417 a month. your annual income must exceed $5000 in order to contribute that much. (here's hoping, right?)
a roth ira may contain investments in the following:
real estate (gonna pass on this right now)
stocks and bonds
certificates of deposit
we will go through each of these types of investments and what they mean in the next few weeks. for now... set up that roth ira! each day that goes by that you aren't saving costs you big time in the long run. any great experiences or recommendations when it comes to roth iras?