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Home > Finally Opened ROTH IRAs for DW and Myself!

Finally Opened ROTH IRAs for DW and Myself!

December 24th, 2013 at 03:01 pm

We finally did it!

I have been pondering this for over a year. We set up our accounts through Vanguard. I originally wanted to have $10,000 in EF before we did this, but I figured we're missing out on compounding interest! The saving account interest is pitiful. Have to start somewhere, right? So we funded both with the initial minimum of $1,000 and set up automatic monthly contributions from our savings account, not much, but I feel good about the decision!

Posted in Investing, Retirement | 3 Comments »

3 Responses to “Finally Opened ROTH IRAs for DW and Myself!”

  1. creditcardfree Says:
    December 24th, 2013 at 04:22 pm 1387902153
    1387902153

    Yes! Great start. You will not regret getting started. And making it automatic will help so much. You can increase the contributions when it feel right. So excited for you!!

  2. Petunia 100 Says:
    December 24th, 2013 at 06:28 pm 1387909698
    1387909698

    That's awesome! And target retirement funds at Vanguard? Excellent choice. Smile

  3. Xtreme Thunder Says:
    December 24th, 2013 at 06:58 pm 1387911519
    1387911519

    CCF: Indeed, that is what we were thinking.

    Petunia: Yes, we set up Target Retirement Funds; 2050 for myself and 2055 for DW, figured that was a good start.

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