I hope this doesn't sound bossy, please delete it if it does.
I'm close to retirement. When I was a single mom with 3 jobs and no college degree, one of my employers had a retirement plan. I started putting in $25 every two weeks. I did increase the contribution amounts over the years but nothing huge because I was never a high earner. I found out about ROTH IRAs about 10 year ago and I wish I'd known about them earlier, everything I contribute now goes into a ROTH.
I haven't listened to the podcast yet but I will.
As an old lady who never earned much, I always find a way to talk about old age money. I've heard back from a couple of people who actually did set up ROTH's after our conversation and they were surprised how easy it was to set up. I recommend ROTH's because the money will be tax free in retirement as long as the account has been open for more than 5 years and you're over 59 1/2 when you take out any money from your ROTH. The withdrawal amounts won't be added to whatever you claim as income on your taxes. I wish more people knew about ROTH IRA's.
It's never too late to start and if someone starts at age 40 there are still more than 2 decades for the magic of compounding interest to do it's thing.
YouTube is amazing for car repair, I'm sure you'll nail it. Soooomewhat dangerous to drive on a failing wheel bearing, but quite likely fine for thousands of miles. Good luck!
Do what you have to, but avoid credit if at all possible! It's an insidious trap. Just friendly advice from some guy quietly sinking into this tar pit.
I hope this doesn't sound bossy, please delete it if it does.
I'm close to retirement. When I was a single mom with 3 jobs and no college degree, one of my employers had a retirement plan. I started putting in $25 every two weeks. I did increase the contribution amounts over the years but nothing huge because I was never a high earner. I found out about ROTH IRAs about 10 year ago and I wish I'd known about them earlier, everything I contribute now goes into a ROTH.
I haven't listened to the podcast yet but I will.
As an old lady who never earned much, I always find a way to talk about old age money. I've heard back from a couple of people who actually did set up ROTH's after our conversation and they were surprised how easy it was to set up. I recommend ROTH's because the money will be tax free in retirement as long as the account has been open for more than 5 years and you're over 59 1/2 when you take out any money from your ROTH. The withdrawal amounts won't be added to whatever you claim as income on your taxes. I wish more people knew about ROTH IRA's.
It's never too late to start and if someone starts at age 40 there are still more than 2 decades for the magic of compounding interest to do it's thing.
YouTube is amazing for car repair, I'm sure you'll nail it. Soooomewhat dangerous to drive on a failing wheel bearing, but quite likely fine for thousands of miles. Good luck!
I am only driving it minimally until I sell it- fingers crossed for no bearing catastrophe
on stand by ready to tell everyone i know about @carrotquinn's upcoming book 🥹
Do what you have to, but avoid credit if at all possible! It's an insidious trap. Just friendly advice from some guy quietly sinking into this tar pit.
You and Nic created a challenging podcast. Thanks for sharing your time and thoughts.