Comments on: Roth IRA – 2008 Contributions

By: Dave Ozment

Dave Ozment — Sun, 05 Apr 2009 14:34:15 +0000

Very interesting……….. I’ve not consciously connected those dots but you’re causing me to reflect over that. I am a huge fan of processes and systems. My Goal Series is a prime example as are writing ideas that I have in the hopper. I think that’s why I’m a huge fan of Dave Ramsey’s steps or process because it forces objectivity and the steps are very deliberate.

Hmm, ok I think our time is up for this session doc…. but you’ve certainly provided me with food for thought for our next meeting!

Thanks TAM!
Dave

By: The Almost Millionaire

The Almost Millionaire — Sun, 05 Apr 2009 14:13:35 +0000

It is very interesting how you slice up your financial decisions. That is probably the best thing that your readers can learn from you...every financial decision that you make effects other financial areas of your life...so that being said you need a method to slice, dice, and evaluate decisions before you pull the trigger. This should lead to optimal results! Bravo! Brandon The Almost Millionaire’s last blog post..Should I buy a house?

By: Dave Ozment

Dave Ozment — Sat, 04 Apr 2009 03:41:45 +0000

Thanks dude! I view it as “multi-tasking” with my money. But I do only view this as a short term option (at least personally). I also wouldn’t invest my emergency fund… for obvious reasons given the market over the last year. But low interest rates in a savings account are the same as those in a Roth protected money market… why not make the $$ just a little harder to access – make yourself prove that it’s really an emergency!

As we sit here on April 3 and I have a few dollars from my buyout and a couple job prospects in the hopper… it makes sense to pour some dollars in the Roth before the 15th… if I don’t land a gig and need the money its there same as it ever was… but if/when I land something, then I’ve just brought myself 1-2 years closer to retirement readiness on the back end!

I appreciate your professional validation!

Dave

By: Brandon

Brandon — Sat, 04 Apr 2009 03:26:11 +0000

As a financial planner, I have to agree with you 100% that Roth is the way to go. Very unique idea about the emergency fund as a safe funding vehicle (few people realize that you can access the principal of your Roth with no penaltys) You are the man! Brandon’s last blog post..Energy Drink Business

By: Dave Ozment

Dave Ozment — Sat, 04 Apr 2009 02:52:25 +0000

Agreed… Roths are the best thing going. Everyone should take full advantage while they can… meaning before their income raises to high (a good prob to have) or before the demos take it away.

By: Stephen - Rat Race Trap

Stephen - Rat Race Trap — Sat, 04 Apr 2009 01:54:16 +0000

We have to be insane not to contribute to the Roth. Unless we make too much to qualify.

Stephen – Rat Race Trap’s last blog post..Develop the Courage to Take Risks

By: Dave Ozment

Dave Ozment — Fri, 03 Apr 2009 19:07:05 +0000

Thanks Nate, glad you hopped over to check it out.

Dave

By: Nate @ Money Young

Nate @ Money Young — Fri, 03 Apr 2009 18:37:43 +0000

Good advice, I'll def. be using this when I make my decision -Nate Nate @ Money Young’s last blog post..How Nicole could earn $1,000 per month