Comments on: First Roth IRA Contribution of 2010 – Even Small Steps Are Worth Celebrating

By: Roth IRA Rocks: 6 Reasons Why

Roth IRA Rocks: 6 Reasons Why — Thu, 08 Jul 2010 03:14:41 +0000

[...] 6 months after I made my first contribution, I maxed out my Roth IRA for 2010, meeting one of my new financial goals for this year. That [...]

By: What I’m Reading 1/15

What I’m Reading 1/15 — Fri, 15 Jan 2010 15:02:35 +0000

[...] First Roth IRA Contribution of 2010 – Even Small Steps Are Worth Celebrating @Well-Heeled Blog [...]

By: WellHeeled

WellHeeled — Thu, 14 Jan 2010 01:59:27 +0000

I have mutual funds, so I don't have transaction fees like ETFs would. However, I think most mutual funds have a higher yearly expense ratio than ETFs.

By: Financial Samurai

Financial Samurai — Tue, 12 Jan 2010 00:44:12 +0000

Oops, didn’t see this article of yours WH until today. Well, I guess you know my thoughts on the conversion to a ROTH IIRA. I’m not against a ROTH per se, as it’s much more important to have a IRA than nothing at all.

I’m focusing on the conversion process, so well done. Why not just do traditional IRA though?
Financial Samurai´s last blog ..Be A Sloth and Don’t ROTH – Why Converting To A ROTH Is A Mistake!

By: SeeJaneGetRich.com

SeeJaneGetRich.com — Sun, 10 Jan 2010 02:39:22 +0000

I am so happy to hear that you are still making contributions even though you are unemployed. And I agree that when it comes to the Roth every bit counts. I am a huge huge fan of the Roth and will be making my contribution soon. When you make contributions that are small how do you avoid being hit with transaction fees that take a chunck out of your contribution?

By: WellHeeled

WellHeeled — Sat, 09 Jan 2010 06:25:00 +0000

The Roth is definitely fantastic – and since you contribute with after-tax money, you won't be taxed when you decide to withdraw the money when you retire. I am all for retirement vehicles that are not attached to specific employers.

By: Small Steps Will Lead To Lifestyle Change | Well-Heeled Blog

Small Steps Will Lead To Lifestyle Change | Well-Heeled Blog — Sat, 09 Jan 2010 04:51:13 +0000

[...] few days ago I took my first “small financial step” of 2010 – contributing $250 to my Roth IRA. On Monday, I will take my first (and very painful) “small exercise step” of 2010 [...]

By: Moneyreasons

Moneyreasons — Sat, 09 Jan 2010 03:27:13 +0000

Nice! I won't be able to start funding mine until March. while we don't live paycheck-to-paycheck, it always gets tight in December (4 birthdays, Christmas, and a fall/winter vacation).

I'm with Melissa, I'm going to use my Roth as was intended, but also as an Emergency Fund.

Good idea starting to fund yours now! Plus you can always pull it out if you need too…

By: Little House

Little House — Sat, 09 Jan 2010 00:49:16 +0000

You couldn't of said it better. Small steps still get you to your destination! I really have to get a Roth IRA set up this year. That's my next goal.

By: Melissa

Melissa — Fri, 08 Jan 2010 22:05:48 +0000

Props to you! I am completely in love with my Roth as well. It holds the majority of my emergency savings, because last time I had to withdraw money, I made the call at 4PM (after the wire cut-off) so they mailed me the check…and it was in my hand THE NEXT DAY. My high interest savings account takes three days.

After a six month hiatus of contributing to my Roth, my first monthly contribution of $100 will happen on the 15th. If the year continues to go smoothly, I'm planning to make some additional extra contributions on a quarterly basis!

Congrats on your small steps. Love you blog.

By: Carrie

Carrie — Fri, 08 Jan 2010 21:18:47 +0000

i just keep mine set up to automatically transfer in $208.33 after each paycheck. i've been doing it for years now and it makes it so easy.

By: Kim

Kim — Fri, 08 Jan 2010 21:12:58 +0000

That is fantastic! I have been thinking about opening a Roth IRA since I don't become eligible for my company's 401k plan for at least another 6 months. I have about $2,000 (I think) in my Vanguard 401k from the job I worked from 2007-2008, but other than that, nothing. I've been thinking it might be a good idea to contribute to a retirement account that is not specifically associated with the company I work for…especially since at age 25, I will probably work at several companies before retiring!

By: Mandi

Mandi — Fri, 08 Jan 2010 19:22:30 +0000

Good job. I've never been able to max out my Roth in one lump sum so all I have are small steps. But those small steps fully funded my Roth in 2009 and they'll do it again in 2010. After all, it's not a race.

Congratulations.

By: WellHeeled

WellHeeled — Fri, 08 Jan 2010 19:04:18 +0000

Congratulations to YOU on resuming your Roth IRA contributions! I wouldn't call yours a small step at all. Thanks for stopping by and commenting.

By: SS4BC

SS4BC — Fri, 08 Jan 2010 04:00:40 +0000

I COMPLETELY agree that you should celebrate the small steps! =D

Way to go on your 2010 Roth IRA journey.