Friday, August 26, 2011

Finance Fridays: Saving for retirement when you're a SAHM

As a stay at home mom, I worry sometimes about my retirement. These years staying at home with my daughter are absolutely priceless, but lately I've been wanting to do something about the fact that I'm not contributing to retirement while I am at home. So, I've been researching opening Roth IRA's for both me and my husband, which will allow us to contribute $5K a year each, and that money will grow tax free until we need it.

If you're unfamiliar with a Roth IRA and its benefits, a fantastic resource is this guide to Roth IRAs from one of my favorite money blogs Get Rich Slowly.

I'll post an update once I've completed the process! 

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