Chris Huber
Second Unit
- Joined
- Jan 2, 2003
- Messages
- 416
Hey guys, I just found out that Roth IRA max contributions went up to 4000 and going up to 5000 in 2008. Both my wife and I have one right now with an ok amount of money in mine and she just started hers 2 years back.
We'd always like to put the full amount in each year, because the compounding later on would be better. However, 10k a year is a bit of a stretch. Would it be better to have 1 account and be able to always contribute the max, or is it better to keep both accounts and maybe be able to only stick 3-4k in each year?
Do you guys have Roths? What do you do?
We'd always like to put the full amount in each year, because the compounding later on would be better. However, 10k a year is a bit of a stretch. Would it be better to have 1 account and be able to always contribute the max, or is it better to keep both accounts and maybe be able to only stick 3-4k in each year?
Do you guys have Roths? What do you do?