<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > My IRA

My IRA

October 4th, 2007 at 02:00 pm

I have been so good with my budget lately that I finally feel comfortable switching my monthly contribution to my IRA from $50 to $100. I had only had the IRA going for 2 months now but the $50 was my way of leveraging in.

I am one of those weird people that have to gradually take money away from myself. Its why I would never consider having a joint account with my dh, I spend what I have and that would be asking too much of me. Forced savings, as a result, work really well for me.

The $100 monthly IRA contribution is my reward for doing well. I like to watch the money go up. I had a 401(k) at my college job and I literally watched it go down for the next two years. I learned my lesson from that, conservative just means you can never make up what you lose. :P

This new one is in T. Rowe Price's Retirement 2050 Fund and once I have a couple k in there, I will probably add an international index fund to add a little more diversity. All in all very happy with this one and its historical profile. Its also nice that the $10 per year fee goes away after you reach $4k which should be sometime next year...

Posted in Budget Info | 4 Comments »

4 Responses to “My IRA”

  1. monkeymama Says:
    October 4th, 2007 at 02:17 pm 1191507421
    1191507421

    I recently started a Target Fund at T Rowe. Is a good fund. Big Grin

  2. kv968 Says:
    October 5th, 2007 at 11:19 pm 1191626349
    1191626349

    I really like those T Rowe Retirement funds especially if you're looking for instant diversification. Although you may still want to add more int'l funds into your portfolio, realize that that fund already holds ~22% of it's assets in int'l stock.

  3. Caoineag Says:
    October 6th, 2007 at 12:22 am 1191630178
    1191630178

    I figured it had some international. I will do more research on what I have and what I need when I get closer to that point though. Sadly, between a house downpayment and credit card payoff, retirement is taking a back seat at the moment. So I still have a year or two to research it.

    But thank you for letting me know though! I appreciate it.

  4. kv968 Says:
    October 7th, 2007 at 02:54 pm 1191768866
    1191768866

    I know it'a hard to try to pay for everything (ie. downpayment, cc, etc...) and save for retirement at the same time but it sounds like you're doing great. Especially with you "rewarding" yourself by upping your monthly contribution and not just "rewarding" yourself by blowing the money. Good job!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]