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My Roth IRA Goals

March 31st, 2011 at 07:03 pm

My target for Roth IRA is 150k. I have made the following contributions:

2008 2k
2009 2k
2010 3k

Current value: 9k

If I contribute 3k per year from now on, I will reach my target of 150k at age 65 if I earn just a hair over 6%. The return isn't guaranteed of course, but 6% is extremely possible. So, I intend to scrape up at least 3k each and every year for my Roth.

In other news, I have a large hedge on the right-hand side of my driveway which was terribly overgrown. BF has trimmed it back neatly, and my nephew and son took care of all the branches. So some progress has been made already, with much more to follow in the coming weeks.

Posted in Retirement Savings | 4 Comments »

4 Responses to “My Roth IRA Goals”

  1. C... Says:
    March 31st, 2011 at 11:54 pm 1301615695
    1301615695

    Sounds like you have a great savngs plan. I need to work on putting more into my IRA.

  2. Adam Says:
    May 30th, 2011 at 07:22 pm 1306783329
    1306783329

    I thought the limit on Roths for this year is 4K in contributions. Did you contribute all 5K in the same fiscal/calendar year?

  3. Petunia 100 Says:
    May 30th, 2011 at 07:52 pm 1306785175
    1306785175

    Hi Adam,

    The limit has been 5k for a few years now, +1k for age 50 and over.

  4. carmen Says:
    June 1st, 2011 at 12:56 am 1306889812
    1306889812

    Thank you for this great blog information!I'm finding this whole blogging world a great resource for any topic, and really inspirational.

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