Comments on: Financial Goals for 2008 http://frugalbabe.com/2007/12/26/financial-goals-for-2008/ A rich life without a lot of money Sun, 20 May 2012 21:50:00 +0000 hourly 1 By: FrugalBabe http://frugalbabe.com/2007/12/26/financial-goals-for-2008/#comment-16981 FrugalBabe Wed, 02 Jan 2008 04:49:10 +0000 http://frugalbabe.com/2007/12/26/financial-goals-for-2008/#comment-16981 Mary, You can contribute to a traditional IRA until age 70.5, and there is no age limit for contributions to a Roth IRA. But whether or not you should contribute to either of those depends on your particular situation. Here's a link to a SmartMoney IRA explanation article: http://www.smartmoney.com/tax/retire/index.cfm?story=iraoptions I would recommend that you talk with a financial planner or at least someone at a discount brokerage or even a bank, who can walk you through the options available to you. Best of luck! Mary,
You can contribute to a traditional IRA until age 70.5, and there is no age limit for contributions to a Roth IRA. But whether or not you should contribute to either of those depends on your particular situation. Here’s a link to a SmartMoney IRA explanation article: http://www.smartmoney.com/tax/retire/index.cfm?story=iraoptions

I would recommend that you talk with a financial planner or at least someone at a discount brokerage or even a bank, who can walk you through the options available to you. Best of luck!

]]> By: mary watkins http://frugalbabe.com/2007/12/26/financial-goals-for-2008/#comment-16772 mary watkins Fri, 28 Dec 2007 21:32:10 +0000 http://frugalbabe.com/2007/12/26/financial-goals-for-2008/#comment-16772 i am 66yrs old taking schooling to work at home, is it to late for me for IRA and other savings you mentioned. How much can I at my age put in IRA ALSO I would like more info on no load mutual funds, and how much i need to invest i am getting an error stating invalid email address this is valid i am 66yrs old taking schooling to work at home, is it to late for me for IRA and other savings you mentioned. How much can I at my age put in IRA ALSO I would like more info on no load mutual funds, and how much i need to invest i am getting an error stating invalid email address this is valid

]]> By: cindy http://frugalbabe.com/2007/12/26/financial-goals-for-2008/#comment-16769 cindy Fri, 28 Dec 2007 21:01:46 +0000 http://frugalbabe.com/2007/12/26/financial-goals-for-2008/#comment-16769 Thanks for your inspiration! I am determined that 2008 will be an even better year toward my financial "freedom". I am a single mother with two children in college. I've had some rough times, but am glad to stay this year I will be free of credit card debt. I need to work hard to build my savings and be able to see that I can plan and move toward something better and that can be a real possibility. I have had to take some steps backward in the last two years and am renting again. I need to make a plan and stick to it! I will keep looking for inspiration! Thanks for your inspiration! I am determined that 2008 will be an even better year toward my financial “freedom”. I am a single mother with two children in college. I’ve had some rough times, but am glad to stay this year I will be free of credit card debt.
I need to work hard to build my savings and be able to see that I can plan and move toward something better and that can be a real possibility. I have had to take some steps backward in the last two years and am renting again. I need to make a plan and stick to it!
I will keep looking for inspiration!

]]> By: Fabulously Broke http://frugalbabe.com/2007/12/26/financial-goals-for-2008/#comment-16705 Fabulously Broke Thu, 27 Dec 2007 00:14:32 +0000 http://frugalbabe.com/2007/12/26/financial-goals-for-2008/#comment-16705 You're such an inspiration for me :) I loved reading this post because it made me think about what *I* want for 2008 You’re such an inspiration for me :) I loved reading this post because it made me think about what *I* want for 2008

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