Comments on: Have You Maxed Out Your Roth IRA This Year Yet? http://moneyning.com/retirement/have-you-maxed-out-your-roth-ira-this-year-yet/ A personal finance blog where we share insights on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Fri, 25 May 2012 04:39:22 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: MoneyNing http://moneyning.com/retirement/have-you-maxed-out-your-roth-ira-this-year-yet/comment-page-1/#comment-76310 MoneyNing Thu, 22 Mar 2012 17:00:28 +0000 http://moneyning.com/?p=4349#comment-76310 In a performance standpoint, electing to have the contribution as 2011 or 2012 won't matter. However, since the option to use 2011 amounts will expire come April, you might want to use that first and hopefully you will have the maximum amount to contribution in 2012. In a performance standpoint, electing to have the contribution as 2011 or 2012 won’t matter. However, since the option to use 2011 amounts will expire come April, you might want to use that first and hopefully you will have the maximum amount to contribution in 2012.

]]> By: Chrissy S. http://moneyning.com/retirement/have-you-maxed-out-your-roth-ira-this-year-yet/comment-page-1/#comment-76305 Chrissy S. Thu, 22 Mar 2012 16:00:56 +0000 http://moneyning.com/?p=4349#comment-76305 I am no where near maxing out my Roth IRA. I just opened it about 8 months ago. But, I do want to contribute today, before the April deadline. I HAVE already filed my taxes though, so I'm not sure that makes a difference...my question is..is it better or smarter to apply my $500 contribution that I want to put in today to the 2011 tax year or to the 2012 tax year? Thanks for your help! I am no where near maxing out my Roth IRA. I just opened it about 8 months ago. But, I do want to contribute today, before the April deadline. I HAVE already filed my taxes though, so I’m not sure that makes a difference…my question is..is it better or smarter to apply my $500 contribution that I want to put in today to the 2011 tax year or to the 2012 tax year?

Thanks for your help!

]]> By: MoneyNing http://moneyning.com/retirement/have-you-maxed-out-your-roth-ira-this-year-yet/comment-page-1/#comment-70319 MoneyNing Wed, 18 Jan 2012 18:37:20 +0000 http://moneyning.com/?p=4349#comment-70319 No worries about the rant. Everyone is welcomed to their own opinion but have you thought about how you can come up with $5k eventually? You found a way to get online. Is the cost and time really necessary? How about a cell phone? Do you really need that to survive? Do you have a TV subscription too? If you really scrutinize your expenses, you will probably find that other than perhaps basic food, nothing else is really a necessity. Too many people give reasons why they don't save for retirement, and most of the time (at least for practically everybody living in a developed society) it turns out that they are just choosing not to put money towards their future. You chose to go online like everybody else does instead of putting money towards your retirement. You chose to surf the web instead of trying everything you can for additional income. You chose to live a little now by trading off a more financially stable future. And by the way, those are fine choices. Just know that you did choose, subconsciously or not. No worries about the rant. Everyone is welcomed to their own opinion but have you thought about how you can come up with $5k eventually? You found a way to get online. Is the cost and time really necessary? How about a cell phone? Do you really need that to survive? Do you have a TV subscription too? If you really scrutinize your expenses, you will probably find that other than perhaps basic food, nothing else is really a necessity.

Too many people give reasons why they don’t save for retirement, and most of the time (at least for practically everybody living in a developed society) it turns out that they are just choosing not to put money towards their future. You chose to go online like everybody else does instead of putting money towards your retirement. You chose to surf the web instead of trying everything you can for additional income. You chose to live a little now by trading off a more financially stable future.

And by the way, those are fine choices. Just know that you did choose, subconsciously or not.

]]> By: Michael http://moneyning.com/retirement/have-you-maxed-out-your-roth-ira-this-year-yet/comment-page-1/#comment-70238 Michael Wed, 18 Jan 2012 03:12:27 +0000 http://moneyning.com/?p=4349#comment-70238 Opps, I'm sorry my wife and I were laughing at the post and the idea of having 5K to use this way and then my wife pointed out that this was a linked article to the one called "5 Ways to Help Your Children Become Wealthy" so again I apologize for the rant! I still think people with money don't need advise on saving it or investing it! Opps, I’m sorry my wife and I were laughing at the post and the idea of having 5K to use this way and then my wife pointed out that this was a linked article to the one called “5 Ways to Help Your Children Become Wealthy” so again I apologize for the rant! I still think people with money don’t need advise on saving it or investing it!

]]> By: Michael http://moneyning.com/retirement/have-you-maxed-out-your-roth-ira-this-year-yet/comment-page-1/#comment-70235 Michael Wed, 18 Jan 2012 02:47:26 +0000 http://moneyning.com/?p=4349#comment-70235 I'm a father of two a 13yr old and a 7 month old, money management is a big concern I have for them. I'm 44 with no 401k no retirement no savings not to mention no 5k I can just transfer over to a IRA. Needless to say the thought of advising my children on how to become wealthy caught my eye. However after reading this I realized it wasn't meant for low income families. Pfft Sorry 5K, 5 grand, 5 thousand dollars, $5,000? Yea hold on I'll just transfer that from my want pile to my wish pile. Do you live in America? Sorry for the rant! I don't see the point in offering money advise to people who have it, they don't need advise obviously!~LOL I’m a father of two a 13yr old and a 7 month old, money management is a big concern I have for them. I’m 44 with no 401k no retirement no savings not to mention no 5k I can just transfer over to a IRA. Needless to say the thought of advising my children on how to become wealthy caught my eye. However after reading this I realized it wasn’t meant for low income families. Pfft Sorry 5K, 5 grand, 5 thousand dollars, $5,000? Yea hold on I’ll just transfer that from my want pile to my wish pile. Do you live in America? Sorry for the rant! I don’t see the point in offering money advise to people who have it, they don’t need advise obviously!~LOL

]]> By: Stan http://moneyning.com/retirement/have-you-maxed-out-your-roth-ira-this-year-yet/comment-page-1/#comment-64658 Stan Sun, 18 Dec 2011 12:17:51 +0000 http://moneyning.com/?p=4349#comment-64658 I'm close to retirement (it could be like tomorrow if I want). I'm currently debating whether I should fund my roth IRA or pay down the mortgage with less than 5 years. Interest from the mortgage is not worth the tax savings at this point in time. The emergency fund is there as well. What do you think? I’m close to retirement (it could be like tomorrow if I want). I’m currently debating whether I should fund my roth IRA or pay down the mortgage with less than 5 years. Interest from the mortgage is not worth the tax savings at this point in time. The emergency fund is there as well. What do you think?

]]> By: Alex Roth http://moneyning.com/retirement/have-you-maxed-out-your-roth-ira-this-year-yet/comment-page-1/#comment-49335 Alex Roth Fri, 19 Aug 2011 22:52:42 +0000 http://moneyning.com/?p=4349#comment-49335 T. Rowe Price is a great option... and fidelity offers some great plan T. Rowe Price is a great option… and fidelity offers some great plan

]]> By: ANonyMouse http://moneyning.com/retirement/have-you-maxed-out-your-roth-ira-this-year-yet/comment-page-1/#comment-44503 ANonyMouse Sat, 28 May 2011 08:38:06 +0000 http://moneyning.com/?p=4349#comment-44503 What if you have a bank-based Roth IRA that only allows you to contribute to it once every year (say it's pretty much a CD but w/ Roth IRA benifits?) What if you have a bank-based Roth IRA that only allows you to contribute to it once every year (say it’s pretty much a CD but w/ Roth IRA benifits?)

]]> By: Andralyn http://moneyning.com/retirement/have-you-maxed-out-your-roth-ira-this-year-yet/comment-page-1/#comment-44365 Andralyn Thu, 26 May 2011 09:25:00 +0000 http://moneyning.com/?p=4349#comment-44365 And I thought I was the sensible one. Thanks for setting me straight. And I thought I was the sensible one. Thanks for setting me straight.

]]> By: Ryan Roth http://moneyning.com/retirement/have-you-maxed-out-your-roth-ira-this-year-yet/comment-page-1/#comment-38059 Ryan Roth Mon, 24 Jan 2011 17:57:43 +0000 http://moneyning.com/?p=4349#comment-38059 I'm still surprised how many of my friends don't take the time to invest in a Roth IRA when it's so simple to set up. Literally takes 5 minutes online and is something that'll continuously make money without you doing work... why not? I’m still surprised how many of my friends don’t take the time to invest in a Roth IRA when it’s so simple to set up. Literally takes 5 minutes online and is something that’ll continuously make money without you doing work… why not?

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