Roth IRA, Traditional IRA, 401K » retired. http://www.iraroth.net IRA Questions and Answers Mon, 26 Jul 2010 00:31:48 +0000 en hourly 1 http://wordpress.org/?v=3.0 My mother always said when I was growing up that if I put $1,200 away each year in a Roth IRA that by the time I was retired I will be a millionaire. Is this true? http://www.iraroth.net/2010/02/my-mother-always-said-when-i-was-growing-up-that-if-i-put-1200-away-each-year-in-a-roth-ira-that-by-the-time-i-was-retired-i-will-be-a-millionaire-is-this-true/ http://www.iraroth.net/2010/02/my-mother-always-said-when-i-was-growing-up-that-if-i-put-1200-away-each-year-in-a-roth-ira-that-by-the-time-i-was-retired-i-will-be-a-millionaire-is-this-true/#comments Wed, 03 Feb 2010 00:14:37 +0000 admin http://www.iraroth.net/?p=211  

Or should I be putting more away? I’m currently 23 yrs. old and I’ve already put away 2,600 since I opened the account when I was 21 yrs. old.

]]> http://www.iraroth.net/2010/02/my-mother-always-said-when-i-was-growing-up-that-if-i-put-1200-away-each-year-in-a-roth-ira-that-by-the-time-i-was-retired-i-will-be-a-millionaire-is-this-true/feed/ 1 My wife and I are retired. Where can we safely put our IRAs for growth and income today? http://www.iraroth.net/2010/01/my-wife-and-i-are-retired-where-can-we-safely-put-our-iras-for-growth-and-income-today/ http://www.iraroth.net/2010/01/my-wife-and-i-are-retired-where-can-we-safely-put-our-iras-for-growth-and-income-today/#comments Wed, 27 Jan 2010 02:29:24 +0000 admin http://www.iraroth.net/2010/01/my-wife-and-i-are-retired-where-can-we-safely-put-our-iras-for-growth-and-income-today/ We have other sources of income to meet our daily needs.
The IRAs interest is for travel and fun.
We want to safeguard the IRAs principle and growth to pass on to our family as Inherited IRAs.
Our main goal is live off the interest and pass on the IRA to family. I guess we can’t expect growth and income while maintaining no risk to the principle.

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