Comments on: Roth IRA Contribution Limits, Tradeking, Emergency Fund

By: You Have 67 Days To Open A Roth IRA, Traditional IRA, OR ESA For 2007

You Have 67 Days To Open A Roth IRA, Traditional IRA, OR ESA For 2007 — Fri, 08 Feb 2008 17:08:33 +0000

[...] year, my wife and I opened Roth IRAs in March, and fully-funded both of them for fiscal-year 2006. We even dug into our emergency fund so that [...]

By: No Credit Needed » Blog Archive » $48,000 Goal Update: 5 Months

No Credit Needed » Blog Archive » $48,000 Goal Update: 5 Months — Sun, 03 Jun 2007 13:45:52 +0000

[...] spent the month of June ‘paying myself back’. Why? In March I ‘borrowed’ money from my ING Direct Savings account so that I could fully fund 2 Roth IRAs for the 2006 fiscal [...]

By: No Credit Needed » Blog Archive » I Only Focus On One Account At A Time

Tue, 15 May 2007 13:06:07 +0000

[...] Daughter’s ESA For 2006 Feb: Daughter’s ESA For 2007 Mar: My Roth IRA For 2006 Apr: My Wife’s Roth IRA for 2006 May: Repay My ING Account (I “borrowed” from [...]

By: NCN

NCN — Sat, 12 May 2007 23:04:04 +0000

Investing Blog,
I do not use mutual funds… I purchase ETFs.

By: Investing Blog

Investing Blog — Sat, 12 May 2007 22:53:52 +0000

Congrats on funding you and your wife’s Roth IRA. This is a necessary step that everyone should take if eligible. I have a question about Tradeking’s fees though. Since I have an account myself, I found out it costs $15 per mutual fund trade in your Roth IRA. How do you plan to invest the cash? Because the mutual fund fees would surely eat away at your gains, unless you contribute only lump sums in the future.

I have an account with Fidelity, and although they don’t offer every single fund transaction free, there’s like 1200 that cost nothing to buy into. Sounds like my kind of deal.

To help others find suitable places to open their Roth, I collected a ton of Roth IRA brokers to select the Best Roth IRA Accounts out there. I hope this helps others as much as it helped me.

Good luck with your Roth IRA! It’s 2007 season already.

By: No Credit Needed Blog » Blog Archive » $48000 Goal: 3 Months In (An Update)

Mon, 26 Mar 2007 01:19:43 +0000

[...] So far, I have fully funded my daughter’s ESA for 2006 and 2007, fully funded my Roth IRA for 2006, and fully funded my wife’s Roth IRA for 2006. [...]

By: No Credit Needed Blog » Blog Archive » Wow, That Was Fast! Georgia Income Tax Refund Received

Thu, 22 Mar 2007 21:28:04 +0000

[...] Expecting refunds, I chose to have them directly deposited to my ING Direct account. I logged in this morning, and I have ALREADY received my state income tax refund. The state of Georgia Department of Revenue is “on the ball”! Both of my refunds will be deposited into my recently depleted Emergency Fund. [...]

By: Luke

Luke — Wed, 21 Mar 2007 03:35:12 +0000

Trust yourself to pay yourself back…

I am talking with a friend about this who likes to have the comfort of $10,000 in her savings, rather than $6,000 in her savings and $4,000 in her Roth….I am finally getting to her that if she begins to fund her Roth IRA this year [first year doing so] in full from her savings, she can start working towards next year’s contribution limit.

Doing what you did, will allow you to get a good jump start on next year! I think its a great idea. Maybe by THIS December, you will have tucked away the full amount for 2007 and as of January 1st you can start even more advanced by sending in money for 2008.

Once you get ahead, its a great feeling.

By: NCN

NCN — Tue, 20 Mar 2007 13:34:40 +0000

Umm… Do you mean that when I put the money back into the emergency fund, will I also put the “interest” back that I would have earned? Well, the money is still “mine” and is earning the same amount of interest (but untaxed!) in my Roth as it was in my ING Direct account.. so probably not… I’ll just build my ING back up to my six month “comfort level..”

By: Beth B.

Beth B. — Tue, 20 Mar 2007 13:07:12 +0000

Are you going to pay yourself interest? Or is this a zero% loan? (And no I’m not joking.)