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Lazy & Behind on IRA contributions

June 4th, 2008 at 07:59 pm

Image Credit: L. Palson

Went to the bank this morning and deposited my May Challenge money.

I just added the $33.00 from the May $20 Challenge to my Roth IRA. Which allowed me a chance to again realize that I'm behind on my contributions. BoooHiisss!!

Fidelity will only take round numbers for these deposits so some months I round up and other months I round down, using .49/.50 as my deciding factor. We're half way thru the year, and I need to step up my game.

Time to stop just la-la-la-ing thru life Frugalis!!!

I'm getting ready to redo my budget and increase my contributions there and stop the Ameritrade contributions. I was supposed to have already done that but have just been lazy. So that would get me to 151.00 a month currently out of my personal budget plus the $100 going into it from the HouseBudget. I think I could easily put another hundred a month back myself. I'm going to try. Conceivably w/the challenge dollars I could get close to putting back $333 or more a month. I know we're eligible to put back more than that but that's about all I can do for now.

The only difference is that by putting it in Ameritrade if I wanted something, a travel op presented itself or I just NEEDED something I could conceivably use it. Haven't - but could. I know that if I put that money in the IRA I won't be touching it. So, it needs doing and I'm going to give it a go.

Hardly anyone says that they've put back too much for retirement, right?


Today Hubster and I just did another 6 month CD. Ehhh, the interest underwhelms me!! It was just an itty bit of money sitting in Hubster's ING account doing piddly! I'm sure there are other places paying more but it was easy to do it at ING while I was there doing the next thing...


Today I sent Jeffrey 2 more ING invites for the bonus referrals.

Yesterday was a no spend, no driving day!

FrugalisHouseBudget just paid the auto insurance policy and house policy. Good news is that it's finally doable online. Bad news is I ALWAYS hate turning loose of the money.

2 Responses to “Lazy & Behind on IRA contributions”

  1. Single Guy Says:

    Oh yeah, putting the money in a Roth as early as possible is the way to go. Last year I did it all in the last month possible, but this year I have already put in $2k. Hopefully I will have more money available in the next month or two.

  2. boomeyers Says:

    I've been la-la-ing through life right now too. Its not such a bad thing!

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