When you're 35 and have $391 saved for retirement
Posted
Jan 10 2008, 04:09 PM
by
Karen Datko
Ana's thoughts upon reaching her 35th birthday will sound familiar to many people: "Looking back, I've been a bit of a wild child. I shudder to think of how much money I have spent over the years on alcohol, cigarettes, and assorted junk that has long been thrown out," she writes at DebtFree-Revolution. She also has a mere $391 in her retirement account.
Not to worry. Personal-finance bloggers offer plenty of advice about saving for retirement. No Credit Needed can tell you how you can fully fund a Roth IRA for 2008, and you have until April 15 to fund an IRA for 2007. Confused about IRAs vs. 401(k)s, and Roths vs. traditional? Read the "Ultimate Guide" at The Dough Roller.
"Wait a second," we can hear Ana say. Too much of what some PF bloggers write is way over her head. "I don't need 'Investing For Dummies,' I need 'Investing for Complete and Utter Idiots,'" she writes. She's going to start studying about investing, and blogging about what she learns. "But don't expect anything intellectual or savvy or even the average level of complexity, because I just don't have enough functioning brain cells left for that," she says. "This will just be the simple and basic investing concepts that I am able to grasp."
