ASK DN: Do you contribute to retirement funds?

over 2 years ago from Art Vandelay, Latex Salesman - Vandelay Industries

  • Timothy McKennaTimothy McKenna, over 2 years ago

    Yep, I have a Roth IRA, a pension (I work for the quasi-state agency...all the state benefits, none of the state BS), and few other retirement plans from past companies (Simple IRA, 403(b) plan, 401(k)) that I need to get wrangled together.

    I am not trying to be Pluggy McPluggerton, but I use a service called Digit which scans my bank account and randomly grabs a few bucks here, a few bucks there and puts it into a savings account that I can interact with via texting. I use that to save cash and dump into my Roth IRA at the end of the year.

    Personally, I am super interested in this topic because as I get older I actually want to retire from the daily grind and focus on other pursuits...like maybe brewing.

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    • Andrew CiobanasiuAndrew Ciobanasiu, over 2 years ago

      I just started using a similar app: Qapital. Uses simple "round-up" rules to build some savings. We'll see how it works out. Digit looks interesting, thanks for the tip.

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      • Timothy McKennaTimothy McKenna, over 2 years ago

        No problemo. I'm getting better at saving. I want to check out Chris Porter's suggestion about Betterment.com. Investing has always been something I was interested in, but for probably misplaced fear I always thought I wasn't knowledgeable enough to know how to do it...or do it well.

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