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Increased my Roth IRA contribution and yearly goal update

July 3rd, 2007 at 02:15 pm

My Roth IRA at Vanguard is now worth $ 2,456.51. Up 5.66% since January 19. Not bad.

I've decided to increase the contribution from $50 to $75.

It's not going to make a HUGE difference, but it's still 50% more.

My goal of putting 10% of our income in a savings account is not going to happen. I am able to put between $100 and $200 every month, but $7,000 is too much at that point.

I have come up with a

Text is Debt repayment plan and Link is http://lau.savingadvice.com/2007/06/09/payment-repayment-plan-is-written_27058/
Debt repayment plan a few months ago, and we are sticking to it. So far so good! We should end up with only one CC by December.
The car loan will be gone by February, just like my goal was set to. Smile

Right now, we cannot make the $1,550 and $300 payment on the mortgage as I wanted to, so I am sticking with the regular payments of $1,477.32 and $252.45 respectively.

Update on IRA

March 23rd, 2007 at 09:25 am

I've had my Roth IRA with Vanguard for a little over 2 months now, and I just wanted to give an update.

I put in $2000, and have an automatic $50 going in on the 16th of every month.
The only fund I was able to get with this money was Vanguard STAR (

Text is VGSTX and Link is http://finance.yahoo.com/q?s=VGSTX

I have put $ 2,099.98 and now own 99.672 shares, for a total value of $ 2,134.97. That's +1.67%.

I thought that IRA contributions were deductible, but found out that Roth IRA contributions were not. I'm already not going to pay taxes on the gain, so I guess I should consider myself happy.

Got myself a shinny new Roth IRA

January 18th, 2007 at 03:02 pm

So I was opening myself a Roth IRA on Vanguard yesterday when I could not find any fund that had a minimum investment less than $3,000. So I gave up on it...

Today, Jim at

Text is Blueprint for Financial Prosperity and Link is http://www.bargaineering.com/articles/
Blueprint for Financial Prosperity posted this blog today:
Text is Go Open A Roth IRA Right Now!!! and Link is http://www.bargaineering.com/articles/go-open-a-roth-ira-right-now.html
Go Open A Roth IRA Right Now!!!, which gave me a little extra motivation to check it out again. So I found a fund that requires $1,000 minimum investment, which I can do.

So guess what? I did it... I am now the proud owner of a Roth IRA account.

------- Edit ------
This morning, even the Consumerist was suggesting the post by Jim:
Text is Open A Roth IRA Now and Link is http://consumerist.com/consumer/roth-ira/open-a-roth-ira-now-229863.php
Open A Roth IRA Now

Now do you think you should open that Roth IRA??