Why does RETIREMENT suck?


What does it look like to you?

A Cialis commercial? Working out in the middle of the day? A margarita in Mexico? Not setting an alarm? Umm just NOT working in general?

So what sucks about retirement? We have to start thinking about it NOW. In our 20's? When I got saddled with a $90 per person birthday dinner last weekend nah... Unfortunately yes and it all starts with the IRA.

IRA’s… Can they please come up with better names?

 An IRA is an Individual Retirement Account which doesn’t sound nearly as bad as an IRA… Not sure what it is that bothers me so much maybe because it’s so close to sounding like IRS?

Whatever I’m gonna refer to it as a retirement account for now because it sounds less scary.There are a couple of different kinds so let’s just start with the most basic being the traditional retirement account.

By definition it’s a tax-deferred investment account that enables individuals to put income aside for retirement.

Okay I’m already getting kind of tired of typing out retirement account so I guess I understand the abbreviation a little bit more now…

Anyhow let’s break it down.

An investment account… Okay great but where? With who? Do I set it up? Does my employer set it up?

An IRA (sorry I had to) is NOT like a 401k, you set-up this account yourself with a financial institution aka a bank, an insurance company, etc. I use Fidelity and it was very quick and painless. You can literally google “setup an IRA Fidelity”, choose open a traditional IRA, and follow the steps. There’s always customer service reps on the phone and on chat to help you if you have questions blah blah.

Okay so once you’ve got one setup…. Now what? How do I contribute to it?

You can schedule automatic payments to your IRA with your financial institution where you setup the account. Typically, you dictate the amount you want contributed or choose to maximize your annual contribution.

Currently, the maximum amount (pre-50) you can contribute to your retirement account ANUALLY is $5,500.

That’s about $458 per month. Yep- seems like a pretty big chunk of change BUT at least start somewhere. Begin with $100 a month of automatic payments and I guarantee you will hardly notice (okay you might notice… but baby steps)- then go from there.

It’s not fun but what’s more important being able to retire or trolling Sephora every lunch break (okay maybe bad example)?

Okay so tax-deferred??

One of the biggest advantages of contributing to your IRA (besides the whole getting to retire with financial freedom part) are the tax advantages. Usually interest and dividends on your investment accounts are taxed every year so you defer or postpone these taxes until you withdrawal.

So I’m like still gonna have to pay the taxes?

Well technically yes BUT because you aren’t having to pay these taxes now it allows all that extra income to compound each year without the taxes taking your hard earned dollars!! So all you need to now is compounded money = more $$$$.

Once you turn 59.5 (yes- why the half I don’t know) you can withdrawal money penalty free and pay income tax for the tax bracket you fall under the year of withdrawal. The key here is that you will be retired (bc of all your hard earned money being invested and saved properly hehe) and your tax bracket should be significantly lower at that point (more on that later).

Now before we get into all that mess keep reading and then come back to Traditional vs. Roth IRA for comparing all that tax advantage goodness.

Another bonus is a tax deduction at the end of the year so less taxes = more money = yayaya

See here for all that boring stuff about if you qualify for the deduction.

Okay so if you read my 401k post (if not do yourself the pleasure) you are probably thinking this? That? Or both?

Luckily you CAN have BOTH a 401k and an IRA. If you are not wanting to part with so much of your paycheck, then the 401k is your best option ESPECIALLY if your employer is matching your contributions in anyway. It offers a higher annual maximum contribution and better tax benefits.

Let me summarize:

  • ANY kind of saving for retirement is the good kind
  • If your employer has a 401k plan and you want to maximize one kind of retirement account, then that’s the way to go
  • If your employer DOESN’T offer a 401k plan then an IRA is still a great option for retirement savings
  • If you leave your job, and your current job doesn’t offer a 401k plan then you can roll that over into an IRA

BUT there’s more... *large exhale * I know it’s never ending…

If you want to keep reading or take a break (I understand), let’s figure out if you want to put your money into a Traditional IRA or ROTH IRA.



  1. August 23, 2020 / 2:28 pm

    This is really interesting, You are a very skilled blogger. I’ve joined your rss feed and look forward to seeking more of your wonderful post. Also, I have shared your web site in my social networks! Noelle Tom Shear

  2. August 24, 2020 / 9:04 am

    hallo ich den Header von Ihrem Blog lieben, ist es eine persönliche Einrichtung? Irita Gearard Olatha

  3. August 25, 2020 / 1:17 am

    Esta deve ser a melhor coleção de blogging site que eu descobrisse. Jane Constantin Kinelski

  4. August 26, 2020 / 12:30 am

    La lecture de votre article a été très agréable. Geri Buck Lipps

  5. August 30, 2020 / 5:22 pm

    You have noted very interesting details ! ps decent website.
    Melinda Rollins Valer

  6. August 30, 2020 / 6:54 pm

    Hello! I simply want to offer you a big thumbs up for the great info you have here on this post. I will be coming back to your web site for more soon. Dita Brendon Israeli

  7. August 31, 2020 / 2:47 pm

    I’m a housewife https://log.akosut.com/stmap_26t4jb7.html cheap biaxin uses Fister had a no-decision in his lone start this postseason, giving up three runs in six innings to Oakland in Game 4 of the ALDS. He was 1-1 with a 5.23 ERA in two starts against the Red Sox in the regular season, allowing six runs in 10 1/3 innings, and is 2-4 against them lifetime with a 4.36 ERA in eight starts.

  8. August 31, 2020 / 3:14 pm

    I was born in Australia but grew up in England http://www.mediacenterimac.com/stmap_260eqob.html fosamax class action canada Authorities warned of extensive damage to crops, villagedwellings and old buildings, as well as disruption of power,water and rail services. Shelters were being stocked withrations, and leave for government employees was cancelled.

  9. October 25, 2020 / 12:09 am

    If you want to use the photo it would also be good to check with the artist beforehand in case it is subject to copyright. Best wishes. Aaren Reggis Sela

  10. October 28, 2020 / 10:52 am

    kamagra forum
    kamagra oral jelly for sale in usa illegal
    kamagra oral jelly 100mg factory discount prices

  11. October 28, 2020 / 11:22 am

    viagra vs cialis vs levitra 2013
    dosage for 20mg of cialis
    cialis generico en farmacias de espaГ±a

  12. October 28, 2020 / 12:10 pm

    new viagra commercial brunette actress name
    what is the best time to take viagra
    viagra generic launch date

  13. October 28, 2020 / 2:30 pm

    cialis side effects long term use
    cialis vs viagra cost
    cialis price versus viagra forum

  14. October 28, 2020 / 3:16 pm

    black viagra commercial actress
    new female viagra drug
    viagra without a doctor prescription walmart

  15. October 28, 2020 / 5:16 pm

    kamagra oral jelly 100mg pouzitie
    kamagra now reviews
    kamagra oral jelly online kaufen paypal

  16. goodrx viagra
    October 28, 2020 / 6:23 pm

    cialis price vs viagra dosage
    viagra preco araujo
    generic viagra 100mg sildenafil meds expressions

  17. October 28, 2020 / 8:43 pm

    maximum dose of cialis in 24 hours
    cialis generic 20mg professional
    cialis and viagra dosage

  18. viagra canada
    October 28, 2020 / 9:29 pm

    female viagra amazon
    viagra precisa de receita 2015
    female viagra pills

  19. October 28, 2020 / 11:54 pm

    best prices on cialis 5mg at sam s club
    generic cialis usa pharmacy
    levitra cialis viagra forum

  20. viagra kopen
    October 29, 2020 / 12:38 am

    review levitra vs viagra
    brand viagra online
    what are the effects of viagra on men

  21. October 29, 2020 / 2:54 am

    kamagra store reviews
    kamagra oral jelly gГјnstig kaufen paypal
    kamagra store filagra

  22. October 29, 2020 / 3:01 am

    cialis 20 mg prices with prescribing information
    redhead actress in cialis commercial
    levitra vs cialis vs viagra

  23. October 29, 2020 / 3:47 am

    viagra commercial guy
    buy viagra online usa
    generic viagra professional reviews

  24. October 29, 2020 / 6:11 am

    cialis generic from india
    cialis commercial actors names
    cialis generic india

  25. October 29, 2020 / 6:56 am

    side effects of viagra medication
    generic viagra companies
    quando o viagra feminino chega ao brasil

  26. October 29, 2020 / 9:19 am

    cialis online lowest price
    cvs pharmacy cialis cost
    donde comprar cialis generico en chile

  27. October 29, 2020 / 10:06 am

    precio viagra generico farmacia espaГ±a 2015
    reviews of viagra super active
    generic viagra walmart price

  28. October 29, 2020 / 12:34 pm

    viagra vs cialis vs levitra dosage
    viagra dose vs cialis dose
    cialis 20mg tablets side effects

  29. viagra sale
    October 29, 2020 / 1:21 pm

    viagra cialis levitra dosages
    generic viagra walmart price
    viagra brand prices

  30. viagra online cheap
    October 29, 2020 / 4:34 pm

    how to buy generic viagra in canada
    viagra generic available in united states
    viagra coupons meijer

  31. October 29, 2020 / 7:02 pm

    cialis dosage
    cialis generico mexico
    cialis generic india

  32. October 29, 2020 / 7:15 pm

    kamagra oral jelly 100mg
    kamagra rendelГ©s budapest
    direct kamagra uk

  33. viagra side effects
    October 29, 2020 / 7:48 pm

    female viagra pill online
    price of generic viagra at walmart
    viagra natural casera receta

  34. October 29, 2020 / 10:32 pm

    kamagra oral jelly kaufen paypal
    kamagra oral jelly viagra
    the kamagra store coupon

  35. October 29, 2020 / 11:01 pm

    generic viagra online usa
    viagra side effects webmd
    viagra prices usa

  36. October 30, 2020 / 1:25 am

    buy cialis tablets 20mg
    buy cialis in usa online
    comprar cialis generico espaГ±a

  37. October 30, 2020 / 1:45 am

    kamagra oral jelly amazon nederland co
    kamagra forum hr
    kamagra oral jelly vs cialis

  38. October 30, 2020 / 2:09 am

    walmart generic viagra 100mg price in india
    women in viagra commercial 2015 date night
    price of generic viagra teva

  39. October 30, 2020 / 4:33 am

    cialis 20mg cost without insurance
    cialis tadalafil 20 mg price in pakistan
    buy viagra cialis online uk

  40. herbal viagra
    October 30, 2020 / 5:16 am

    super bowl commercial 2015 viagra
    viagra side effects recreational use
    viagra side effects low blood pressure

  41. October 30, 2020 / 7:41 am

    when will generic cialis be available in canada
    walmart pharmacy cialis 20mg prices
    cialis 5mg price comparison

  42. October 30, 2020 / 8:09 am

    kamagra 100mg tablets indian
    kamagra 100mg tablets for sale in us
    kamagra uk

  43. October 30, 2020 / 10:51 am

    extra super cialis lowest price
    usa generic cialis lowest price
    viagra dose vs cialis dose

  44. October 30, 2020 / 11:24 am

    kamagra 100mg tablets for sale usa
    kamagra oral jelly come si usa
    kamagra oral jelly kaufen thailand

  45. October 30, 2020 / 11:36 am

    viagra soft 100 mg x 30 pills
    buy generic viagra and cialis online uk
    viagra prices cvs rite

  46. October 30, 2020 / 2:01 pm

    buy cialis 20 mg usa
    cialis price comparison on 5mg tablets
    viagra cialis cost comparisons

  47. October 30, 2020 / 2:45 pm

    viagra soft 100mg reviews
    female viagra pill review
    viagra other medical uses

  48. October 30, 2020 / 5:08 pm

    coupon for cialis 20mg
    viagra cialis genericos
    generic cialis price comparison

  49. October 30, 2020 / 5:46 pm

    kamagra gold 100mg sildenafil citrate
    kamagra 100 oral jelly review
    kamagra kopen amsterdam winkel

  50. October 30, 2020 / 8:14 pm

    cost of cialis and viagra
    cialis vs viagra user reviews
    prices for cialis 5mg

  51. October 30, 2020 / 8:58 pm

    viagra feminino vendido brasil
    viagra super active 100mg reviews
    generic viagra professional sildenafil 100mg

  52. October 30, 2020 / 11:20 pm

    cialis super active+ 20mg pills
    viagra cialis cost
    cialis 20 mg does it work

  53. October 31, 2020 / 12:06 am

    kamagra oral jelly 100mg price
    kamagra oral jelly customer reviews
    kamagra shop deutschland erfahrung 2015

  54. October 31, 2020 / 12:06 am

    viagra vs cialis cost per pills
    viagra and cialis dosage and costs
    buy viagra online cheap usa

  55. October 31, 2020 / 2:30 am

    cialis prices at cvs
    cialis pharmacy usa
    printable coupons for cialis 20 mg

  56. October 31, 2020 / 3:16 am

    cialis price vs viagra side effects
    viagra coupons 2017
    como hacer viagra casero para mujeres

  57. October 31, 2020 / 5:37 am

    cialis maximum daily dose
    viagra and cialis dosage and costa rica
    cialis generico prezzo

  58. October 31, 2020 / 6:23 am

    generic viagra names mazzogrin
    female viagra side effects
    viagra commercial women

  59. October 31, 2020 / 8:44 am

    comprar cialis 5 mg generico en espaГ±a
    cialis side effects stomach
    cost of cialis 20 mg at walmart

  60. buying viagra
    October 31, 2020 / 9:31 am

    viagra generic name
    cost of viagra cialis and levitra
    viagra drug use

  61. October 31, 2020 / 11:54 am

    what will generic cialis cost
    why are they in bathtubs in the cialis commercial
    cialis vs viagra dosages

  62. October 31, 2020 / 12:40 pm

    cialis professional vs viagra professional
    viagra feminino aonde comprar
    compare viagra versus cialis

  63. October 31, 2020 / 3:02 pm

    cialis daily dosage side effects
    cialis black vs professional cialis
    cialis 20 mg tablet cost

  64. October 31, 2020 / 3:05 pm

    clan symbol clan sembol ko sembol clan simgeleri

  65. October 31, 2020 / 3:48 pm

    viagra commercial actress blue dress 2015
    viagra female commercial
    viagra feminino farmacia

  66. October 31, 2020 / 4:06 pm

    kamagra dosage chart
    kamagra gel forum hr
    kamagra kopen

  67. October 31, 2020 / 6:08 pm

    cialis 20mg tablets prices
    generic cialis coming soon
    date when generic cialis available

  68. generic viagra usa
    October 31, 2020 / 6:54 pm

    viagra feminino chega ao brasil
    brand viagra 50 mg
    viagra without a doctor prescription usa

  69. October 31, 2020 / 9:14 pm

    cialis extra dosage
    generic cialis coming out
    cialis vs viagra vs levitra

  70. October 31, 2020 / 10:01 pm

    pfizer brand viagra 100mg review
    comprar viagra generico espaГ±a envio 24 horas
    viagra feminino vendido farmacia

  71. November 1, 2020 / 12:19 am

    generic cialis brand names
    generic for viagra and cialis
    generic for viagra and cialis

  72. November 1, 2020 / 1:04 am

    price comparison of cialis and viagra
    fiat viagra commercial actors
    is there a generic pill for viagra

  73. November 1, 2020 / 1:34 am

    kamagra oral jelly online usa
    kamagra bezorgen amsterdam
    dlp store kamagra

  74. November 1, 2020 / 2:12 am

    cialis viagra price comparison
    brand cialis best price
    webmd drug cialis side effects

  75. November 1, 2020 / 3:00 am

    viagra side effects heart
    long term effects of viagra usage
    viagra vs cialis cost per pills

  76. November 1, 2020 / 5:49 am

    viagra tv ad girl
    viagra dose vs cialis
    american viagra price in pakistan

  77. viagra without prescription
    November 1, 2020 / 8:33 am

    brand viagra without a doctor prescription canada
    viagra professional review
    generic names for viagra joke

  78. November 1, 2020 / 9:57 am

    viagra and cialis dosage and cost comparison between
    cialis 20mg dosage instructions
    generic cialis shipped from usa

  79. November 1, 2020 / 1:01 pm

    cialis dosage 5mg or 10mg
    price on cialis 5mg at walmart pharmacy
    cialis 20 mg 30 tablet fiyatД±

  80. November 1, 2020 / 3:51 pm

    cialis coupons for walgreens pharmacy
    cialis maximum daily dosage
    costco pharmacy cialis prices

  81. November 1, 2020 / 6:41 pm

    cialis generico en chile
    buy generic viagra and cialis online pharmacy
    anxiety panic side effects viagra cialis

  82. November 1, 2020 / 9:32 pm

    generic cialis in usa store
    brand cialis 10mg
    effectiveness of cialis vs viagra vs levitra

  83. November 2, 2020 / 12:23 am

    kamagra oral jelly beste wirkung
    kamagra rendelГ©s budapest
    kamagra oral jelly for sale in usa

  84. November 2, 2020 / 12:27 am

    lilly cialis coupon trial offer 30 day
    brand name cialis 20 mg
    5 mg daily cialis at cvs pharmacy cost

  85. November 2, 2020 / 3:20 am

    kamagra vs kamagra gold
    kamagra 100mg gold review
    kamagra kopen in winkel rotterdam

  86. November 2, 2020 / 3:23 am

    cialis generico espaГ±a contrareembolso
    5 mg daily cialis at cvs pharmacy cost
    cialis 20mg tablets uk

  87. November 2, 2020 / 6:18 am

    cialis 100mg dosage information
    cialis 20mg dosage reviews
    brand cialis vs generic cialis

  88. November 2, 2020 / 9:13 am

    kamagra kopen waar
    kamagra chew tablets – 100 mg
    kamagra oral jelly 100mg factory discount prices

  89. November 2, 2020 / 12:12 pm

    cialis generico mexico
    cialis commercial bathroom
    cialis online brand name

  90. November 2, 2020 / 3:11 pm

    cialis 5 mg price costco
    cialis vs viagra vs levitra which is better
    availability of generic cialis

  91. November 2, 2020 / 4:03 pm

    how long does viagra side effects last
    onde comprar viagra feminino no brasil
    viagra preço drogaria sp

  92. November 2, 2020 / 6:29 pm

    cialis 20mg coupons at kroger
    order generic cialis online uk
    generic cialis safe

  93. November 2, 2020 / 6:30 pm

    kamagra oral jelly side effects
    kamagra 100mg chewable tablets usa
    kamagra 100mg oral jelly suppliers india

  94. viagra without doctor prescription
    November 2, 2020 / 7:21 pm

    2016 viagra singles commercial
    female viagra pills buy in india
    effects of black viagra on blood pressure

  95. November 2, 2020 / 9:49 pm

    best generic cialis pills price
    cialis generic available date
    black male actor in cialis commercial

  96. viagra vs cialis
    November 2, 2020 / 10:39 pm

    viagra vs cialis vs levitra chart
    side effects of viagra 100
    viagra feminino venda brasil

  97. November 3, 2020 / 1:09 am

    maximum dosage of cialis in clinical trials
    cialis oral side effects
    cialis generico mexico precio

  98. November 3, 2020 / 1:13 am

    kamagra bezorgen rotterdam
    kamagra 100 mg green tablets
    kamagra gel forum hr

  99. November 3, 2020 / 1:59 am

    viagra super active plus for sale’s
    preço do viagra na farmacia popular
    generic cialis viagra

  100. November 3, 2020 / 4:31 am

    5mg generic cialis best price
    cialis tablets 20 mg
    cialis commercial rock song

  101. November 3, 2020 / 5:19 am

    viagra in ucraina
    viagra generico brasil
    long term effects of viagra usage

  102. </