Today we have a guest post from Miles Young. Miles is a freelance writer who writes about travel, finance, and bugeting… Many people choose to put their money in a traditional IRA because they don’t want to pay taxes on the money they contribute. For 2013, anyone under 50 can contribute $5,500 (those over 50 …
Tag Archive: IRA
Jun 04
Which is Better: A Traditional or Roth IRA?
When it comes to putting money away for retirement, there are always a lot of questions. How much will I need to live comfortably (or simply to pay the bills)? How much do I need to invest each year to achieve my target balance? Where do I invest the money? For most people, the first …
Apr 19
How To Open An IRA On A Shoestring Budget
A friend of mine recently asked me about how to get started with opening an IRA since his employer doesn’t offer a 401k. The tricky part of his situation, though, is that he is making minimum wage and said he can only set aside $500 a year. First, I’d like to applaud his efforts to …




