“Peace, You mentioned “normally” contributing for 2 years at a time. If you do that ever year, you’ll end up contributing twice what you are allowed.”
C’mon, give me a break – I may be confused but I’m not stupid. I don’t know how many of you have been depositing to IRA’s for 33 years but, used to just find the best place to park the money and then basically forget about it, that has worked rather well over the years. Now with the economy in a shambles, and considering that we’re quickly approaching retirement, I need to pay more attention. I agree that I could always use some financial advice.
Very interesting… yesterday at the bank there was no one else opening or depositing to IRA’s but me. Asked the account rep about the lack of business and she said that, of course, this is usually the busiest time of the year but there had been very few depositers this year. So here is another way to track the state of the economy – how much IRA money was deposited this year?
Also, every year there are newspaper ads this time of year for banks’ IRA accounts, this year I saw none.
