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ROTHs

January 13th, 2011 at 10:20 pm

I have increased both DH's and my ROTH monthly auto withdrawal to $75 each. (It feels embarrassing to type that scrawny amount..)
But really I do feel good that we are making small steps in the right direction. DH and I discussed making small increases thru out the year in order to eventually max out. No way we could afford to max contribute right now. With small increases we hope to not notice the "missing money".

Our ROTH accounts are with T. Rowe Price. I really like being able to make small and regular contributions. Their website is user friendly and their funds are very good. DH has a target retirement fund (2035) and I have Growth. DH was finally able to remember his log on info (yay!) and now I know what it is so I can check in more regularly. He was excited to see his account had been earning money and he has picked out another fund he wants to start buying when we can. It was cool to see him get excited about the ROTH accounts and funds. He was reading the information and the Morningstar ratings. This is a man who barely reads instructions!!! lol! Who am I kidding?? NEVER reads instructions - that's my 'job'. Wink Looking at his account is good for him too because he needs to think 'Future', he is very much 'Here and Now' (uh.. motorcycle..). I still love him though **sigh** Big Grin

Both ROTHs made very nice gains this past year - almost 13%. I think that's excellent, but I am not an expert investor, so what do I know???

4 Responses to “ROTHs”

  1. homebody Says:

    You can always add more when you can. I have $50.00 taken out to TD Ameritrade, but add more to my ROTH at another broker too. Good for you!

  2. creditcardfree Says:

    I think your $75 is great, because it gets you in the habit of investing automatically. You can still send in lumps of cash when you have it for the Roth or as you said increase it slowly. You get a high five from me!!

  3. Looking Forward Says:

    Thanks ladies! Love your positive-ity. Big Grin

  4. frugaltexan75 Says:

    When I was working at the oil and gas company I had $75/month put in my trowe Roth. It wasn't much, but it was better than the $0/month that I put in now.

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