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Retirement account for SAHM? [Archive] - DFW Area Moms
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Retirement account for SAHM?

christineb
10-07-2006 Saturday, 02:24 PM
Have any of you tackled a retirement account or IRA for your own retirement planning? I just rolled over my retirement account from my previous job into an IRA and I want to keep up a retirement account for myself while I am staying at home... But I'm not sure if it's best to just dump money into a Roth IRA that I currently have? Or set up a different kind of account?

We're not rolling in money by any means, but I think I'll be staying at home the next 7-8 years or so, so I don't want to let these years slip by without planning for retirement. Has anyone set up an account lately? Any thoughts or advice? I'm sure lots of people just use their partner's/husband's 401(k)s from work, but I really want to maintain my own as well.

Thanks!

jill0221
10-07-2006 Saturday, 09:26 PM
I have my own. One that I set up as a rollover when I changed jobs many moons ago and one that we set up when I became a SAHM. My husband has his own as well. Right now we're learning about other investment vehicles and have some money in other investments but will continue to add the max to own IRAs.

juliema
10-08-2006 Sunday, 09:02 AM
Yes, I also did a rollover IRA (separate from my Roth) and have just been contributing to it monthly since I left.

LauraG
10-08-2006 Sunday, 01:09 PM
I don't have one b/c at dh's work it is matched up to a certain amount and we want to make sure to take advantage of the match and anything over that would be too much $ right now

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