Wk9DQ2 - month. Even if you are unable to contribute that...

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It is my goal to retire around 65 years of age. I would like to work for a few more years after the kids have graduated high school and hopefully college as well. It is necessary to contribute between $5000.00 to $6000.00 a year to a Roth IRA or a Traditional IRA. Some people it is just not possible to contribute such an amount. That would mean someone would have to contribute between $400.00 to $500.00 per month starting at the age of thirty five. Although, some employers will match what you contribute each
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Unformatted text preview: month. Even if you are unable to contribute that amount each year it is best if you contribute as much as you can so when it is time to retire you are not fighting to stay a float, every little bit counts. I put away money each month into a savings account however, it is not in an IRA, I am now considering taking half that the money I put away and putting it in to an IRA or some type of retirement fund....
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This note was uploaded on 11/21/2011 for the course PERSONAL F 101 taught by Professor Agnew during the Spring '10 term at University of Phoenix.

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