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Fully funded Roths!!

July 1st, 2007 at 06:38 pm

I've been talking about setting up Roths for DH and I for several months now, but this week everything got settled financially and we opened, and fully funded, Roths for both of us. Since the money didn't get posted until the weekend we only have $4K in there right now, but I'm looking forward to seeing it (hopefully) rise with the market!

We decided to go with Vanguard and their target retirement accounts. I liked that it was balanced and we don't have to think about making it more conservative as we get closer to retirement. This month when I do my monthly rearranging of funds I'll earmark $100 of our extra money for our Roth saving sub-account. While its only a small amount it will get us started on our 2008 contributions. Somehow we'll have to find 10K to max it out too!

2 Responses to “Fully funded Roths!!”

  1. disneysteve Says:

    That's great! You'll be surprised how quickly that money grows if you max out the account each year.

    I just finished our 2007 contributions also. And yes, the limit goes up to $5,000 next year so we need to come up with an extra $2,000 in 2008.

  2. Ima saver Says:

    Good for you!

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