Comments on: Another blog post about Roth IRAs http://www.punchdebtintheface.com/2009/12/blog-roth-ira.html A fun personal finance blog Sat, 11 Feb 2012 01:47:08 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Larry http://www.punchdebtintheface.com/2009/12/blog-roth-ira.html#comment-2613 Larry Mon, 28 Dec 2009 13:07:13 +0000 http://www.punchdebtintheface.com/?p=639#comment-2613 Agreed, and Ninja might want to look at the Bogleheads forums online as well. There's a very interesting thread going right now on "Bonds in Your Twenties." Agreed, and Ninja might want to look at the Bogleheads forums online as well. There's a very interesting thread going right now on "Bonds in Your Twenties."

]]> By: ImAfuziPlatypus http://www.punchdebtintheface.com/2009/12/blog-roth-ira.html#comment-2513 ImAfuziPlatypus Tue, 22 Dec 2009 06:50:31 +0000 http://www.punchdebtintheface.com/?p=639#comment-2513 FYI, JFW was already taken by the damn comment program! I am therefor regressing about 5 years into my old AIM handle:) Looking forward to more finance posts, I am a geek for numbers. Roth IRA's are the sweet nectar of the congress gods. Drink up. FYI, JFW was already taken by the damn comment program! I am therefor regressing about 5 years into my old AIM handle:) Looking forward to more finance posts, I am a geek for numbers.

Roth IRA's are the sweet nectar of the congress gods. Drink up.

]]> By: JFW http://www.punchdebtintheface.com/2009/12/blog-roth-ira.html#comment-2512 JFW Tue, 22 Dec 2009 06:29:30 +0000 http://www.punchdebtintheface.com/?p=639#comment-2512 The Roth IRA has been fantastic for us. This year, my company also began offering a Roth 401(k)! I am maxing both. I would love to own a chairtable trust if/when we retire with that much money :) Also, it's hard to justify the diversion of retirement assets to pay off current debt. First off, your current debt at 7% isn't 7% compounding. The 8% return you are robbing is compounding returns. Not apples to apples. Each year doesn't make a large difference now because we are in our 20's and our balances are around $100,000 or under. However, when we are in our 60's, one year of 8% returns could be over $500,000! I like to think of it as, you're not contributing more money today as much as you are tacking on an additional year of investing then. Enjoy! The Roth IRA has been fantastic for us. This year, my company also began offering a Roth 401(k)! I am maxing both. I would love to own a chairtable trust if/when we retire with that much money :)

Also, it's hard to justify the diversion of retirement assets to pay off current debt. First off, your current debt at 7% isn't 7% compounding. The 8% return you are robbing is compounding returns. Not apples to apples. Each year doesn't make a large difference now because we are in our 20's and our balances are around $100,000 or under. However, when we are in our 60's, one year of 8% returns could be over $500,000! I like to think of it as, you're not contributing more money today as much as you are tacking on an additional year of investing then.

Enjoy!

]]> By: Forest on Finance http://www.punchdebtintheface.com/2009/12/blog-roth-ira.html#comment-2504 Forest on Finance Mon, 21 Dec 2009 21:59:12 +0000 http://www.punchdebtintheface.com/?p=639#comment-2504 Started mine in late 2007. Maxed it in 2008 for the first time. Have $1750 to go until I max this year. Still not sure if it's going to happen or not. Started mine in late 2007. Maxed it in 2008 for the first time. Have $1750 to go until I max this year. Still not sure if it's going to happen or not.

]]> By: WellHeeled http://www.punchdebtintheface.com/2009/12/blog-roth-ira.html#comment-2503 WellHeeled Mon, 21 Dec 2009 20:13:26 +0000 http://www.punchdebtintheface.com/?p=639#comment-2503 Love Roth IRA. :) I've maxed it out since 2006. Love Roth IRA. :) I've maxed it out since 2006.

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