I expect to have some freelance earnings this month. So, I’ve decided to put $250 into 2010 Roth IRA. It feels good to be still contributing to retirement – albeit a much reduced amount – even when I’m laid off. It’s a small (but still significant!) step towards the $5,000 2010 Roth IRA limit.
There are thousands of articles out there on why you have a Roth IRA (and I have written extensively on my love of the Roth) – all I can say is, it really does become a habit. Now one of the best things about a new year is the fact that I can contribute more to my Roth IRA.
It’s easy to start and fund a Roth IRA and begin saving for your future. In fact, you can do it with as low as $50 a month. That’s less than $2 a day. You can do it. Every little bit you can save counts.
In 2009, I maxed out the Roth IRA on the first day of the year. I knew this year was going to be different, but that doesn’t mean I shouldn’t make the effort. It might take me 20 small steps $250 to get to $5,000. But that’s okay. Even small steps are worth celebrating, because those small steps are going to get you to where you need to go.