When my son was young, I was always looking for fun activities I could do that he would enjoy but didn’t break the bank. Especially when I was paying off my consumer debt, my son knew I was focused on paying off my debt but I didn’t want to associate paying off debt with “no fun activities” So I would build our “fun” into my budget because it was important to me to give him experiences.
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Retirement Plan Series: Individual Retirement Plan Accounts
This post is the 2nd of 3 in the Retirement Plan Series that gives you the basics about retirement plans. Check out part 1 here.
If your employer does not offer a retirement plan or if you would like to contribute more outside of your employer-sponsored retirement plan, then a Traditional or Roth Individual Retirement Account (IRA) may be an option for you.