Surely by now you have heard the term Roth IRA. Considering the ups and downs that we have all experienced with the roller coaster ride that our national economy has been on for the past few years, now more than ever before, it’s important to take steps to have something set aside for your retirement.
Sure, if you happen to have a great public service job with a terrific pension plan, you may think you don’t need to bother. Or if you are just starting out and are making what looks to be a boat load of money on your first job right out of college, you may be thinking about putting off funding your retirement for a few years.
Of course, you know that is a serious mistake. The miracle of compounding interest happens when you have enough money invested to visibly watch your money working for you instead of you always working for the money. This is especially true for working folks that can’t count on a government funded pension in their later years.