Retirement and Roth IRA's

Retirement! Many of us have grandparents and or parents who are steadily approaching this wondrous time in Life. What is retirement? Retirement- a time period in which one stops working, but "CONTINUES" to live. Now more than ever with our economy in turmoil and inflation on a rise, saving for retirement is key to living a financially comfortable life after work. So how do you get started? what is a Roth Ira ? First, you need to sit down and see how much money YOU spend per month and then multiply that by 1 entire year. This includes bills, leisure activities, etc. A good rule of thumb is to start by investing $50 bi-weekly into your Roth IRA, which will equate to $1200 a year! A roth Ira is an Individual Retirement Account that allows you to save money after retirement. After that, you can raise the denomination of how much you want to put into your Ira. So whats the catch? The only catch is that you can't dip into your money until you are 59 1/2. If you do, you will be subjected to penalties and other taxes. So whats the benefit? If you don't touch the money you will be able to recieve your funds TAX FREE! So be patient, and invest today so you can enjoy TOMORROW!