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Tesla Insanely Coil
Jul 23, 2006

Ask me why I'm not squatting.
I am thinking about opening a Roth IRA and need confirmation that my plan is correct.

Work 401k: 8% of my yearly income is work's contribution. This amount doesn't change, so it's not a typical "matching" senario. Also, the money isn't vested until I've worked here 3 years, and I'll probably be quitting after working two years. (I may not be using the terminology correctly)

Since contributing to the 401k isn't a good option, I'm not doing that.

My current income is $1100 pre tax per month. I'll contribute $100 a month to a Roth IRA.

So does that sound okay?

Edit:

I make $1100 every two weeks pre tax. My bad. Thanks to VVVV because it didn't even occur to me that there would be a minimum starting balance.

Tesla Insanely Coil fucked around with this message at 16:05 on Jul 30, 2009

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