Christmas has forced me to look at my finances a bit more. When the Holiday are here, you spend a lot of money and, if you're not careful, you spend too much money.
Thus, I have been Investigating Retirement Options and trying to come up with a way to maximize the money that I will have available when I retire. Right now, I make enough to live very well on and I do not foresee losing my job.
However, I am aware that this could happen and so I do have a "6 month emergency fund" if that is absolutely necessary. It is simply sitting in a savings account and not making any money.
My retirement is looking pretty good as I have been maxing out my 401k throughout the years. But, I have recently learned How To Open A Roth IRA and that this is a very good idea as far as retirement goes.
The maximum contribution each year is $5000 after tax dollars. This will mean setting aside about $400 dollars per week. I think I can do that if I just do some basic things.
In this way, a Roth IRA and max 401k contributions, I am thinking that I will be looking good when retirement. Well, financially at least ;)
Thus, I have been Investigating Retirement Options and trying to come up with a way to maximize the money that I will have available when I retire. Right now, I make enough to live very well on and I do not foresee losing my job.
However, I am aware that this could happen and so I do have a "6 month emergency fund" if that is absolutely necessary. It is simply sitting in a savings account and not making any money.
My retirement is looking pretty good as I have been maxing out my 401k throughout the years. But, I have recently learned How To Open A Roth IRA and that this is a very good idea as far as retirement goes.
The maximum contribution each year is $5000 after tax dollars. This will mean setting aside about $400 dollars per week. I think I can do that if I just do some basic things.
In this way, a Roth IRA and max 401k contributions, I am thinking that I will be looking good when retirement. Well, financially at least ;)
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