So I’ve been a bad Personal Finance Blogger as of late.
And not just because I’ve not been posting (blame the new house!). But because I haven’t done the one thing that I always tell people to do.
I haven’t set up my Roth IRA contributions for the year. And it’s May.
Do you have a Roth IRA? If not, why not? It’s a great way to save for retirement. Sure, there aren’t tax benefits now, but there will be tax benefits later.
I know that I still have time to set up my Roth for this year. And I’m thinking that I may add a fund to my account. I use Vanguard, which I am really happy with, but some of their funds require a minimum buy-in. So I might need to put out $3000 at once. Not a big deal, just requires a bit more planning. And hey, since I haven’t started my funding yet, maybe this is the year that I add a fund.
It’s hard to think about retirement when I know I’ve got at least another 30 years of working. But every penny counts.