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Opened My Roth IRA

February 16th, 2014 at 06:24 am

Yesterday I opened my first Roth IRA!!!

The money is not in the account yet, because they have to verify my bank account, but sometime in the next few days I will have $1,300 in there!! Hurray! This is our first retirement savings, and it feels good to get started on that.

I claimed the savers credit, so I have to put $2,000 in the Roth before April. That should be no problem.

I also added $125 to my EF.

There are lots of pending incomes right now, and I wont know my complete total until at least Monday. But it is looking pretty good right now. Finally I feel like we are getting somewhere with our fiances.

Hoping to knock out the animal fund and Roth IRA in the next couple months.

11 Responses to “Opened My Roth IRA”

  1. creditcardfree Says:

    Congratulations!! Sometimes the hardest part is just getting it started. You sure won't regret getting started so young. Time is on your side.

  2. MonkeyMama Says:

    That is great that you got the savers credit after all! Woohoo!

  3. Rachael777 Says:

    Iam so excited for you. I know how excited I was to put my first money in .. Great job.

  4. Ima saver Says:

    Great job!

  5. FrugalTexan75 Says:

    WTG!

  6. rob62521 Says:

    Awesome! Keep up the good work!

  7. wisewoman Says:

    Congrats! Wise decision. If you contribute the max each year you will reap huge rewards.

  8. snafu Says:

    Good on you for taking action and opening a retirement account. Have you decided on your initial holding?

  9. PatientSaver Says:

    That's great!

    I was trying to remember how old I was when I started an IRA, or saving for retirement in general. I think I could figure it out if I went into the attic and rummaged trough my old financial records, but it's too cold now. I will check later. Like in the spring maye!

  10. klarose Says:

    I am doing the target 2060 fund for now.

    Can't wait to keep adding to it!

  11. Tabs Says:

    Congrats! The Roth is one of my favorite savings account.

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