Introduction should be easy. I have had my head up my !&^* and have just started my 401 and IRA. I am 47 yrs old and have approx $7,000.00 in 401K and I just started a new IRA for the first time ever. (I literaly just started IRA 2 days ago with $5,000.00).
My kids are grown and its just my DW of 21 years. Our house will be paid in 15 years if we just pay monthly notes. I am finally in a time now where I can focus on putting approx $1,000.00 per month somewhere for my retirement. This is above my 401K which I put approx $700.00 per month into it.
I have no idea where to start. I am reading all the threads and FAQ's I can. I signed up with VG for assistance on the IRA. I have a lot to learn in a short period but, I will learn. I have printed several (almost 100 pages) of the threads I feel is learning material so I can have it to read when not in front of computer.
You know, I'm sure all of us can come up with a million excuses why we didnt do it earlier, or why we are not doing it now for that matter, but the bottom line is I couldve done SOMETHING earlier. Maybe not much, but at least something. While I know I'm getting a late start, thers no sense in beating myself up for something I shouldve done. Too late for that. Although I have beat myself pretty good though haha.
I will be loitering and looking for tips / advice. I guess my first question would be this:
If you just started with a new account of $5,000.00 for IRA, wheres a good start?
Hard road ahead, but I will be focused and determined to do what I can so I can have fresh diapers in my old age!!! Come in the world wearing diapers and go out wearing diapers!!! Aint it great?
My kids are grown and its just my DW of 21 years. Our house will be paid in 15 years if we just pay monthly notes. I am finally in a time now where I can focus on putting approx $1,000.00 per month somewhere for my retirement. This is above my 401K which I put approx $700.00 per month into it.
I have no idea where to start. I am reading all the threads and FAQ's I can. I signed up with VG for assistance on the IRA. I have a lot to learn in a short period but, I will learn. I have printed several (almost 100 pages) of the threads I feel is learning material so I can have it to read when not in front of computer.
You know, I'm sure all of us can come up with a million excuses why we didnt do it earlier, or why we are not doing it now for that matter, but the bottom line is I couldve done SOMETHING earlier. Maybe not much, but at least something. While I know I'm getting a late start, thers no sense in beating myself up for something I shouldve done. Too late for that. Although I have beat myself pretty good though haha.
I will be loitering and looking for tips / advice. I guess my first question would be this:
If you just started with a new account of $5,000.00 for IRA, wheres a good start?
Hard road ahead, but I will be focused and determined to do what I can so I can have fresh diapers in my old age!!! Come in the world wearing diapers and go out wearing diapers!!! Aint it great?