Too early to start thinking about retirement?

Absolutely not! My grandparents email me about once a week about starting a retirement plan saving for my future. It is never to early to start. Think about it; the earlier you start the more you'll save!

I received an informational letter in the mail that explained the benefits of a Roth IRA. This information I am sharing with you is straight from the advertisement they mailed to me.

1. Starting a Roth IRA will give flexibility and is designed for those with lower incomes.
2. It's tax free
3. It benefits those in lower tax brackets
4. You can contribute money into the Roth IRA until 70 1/2
5. you have more control of your investments.
6. If you have a non-working spouse, you can open a Roth IRA on their behalf.

Fun statistics this advertisement also provided

More than 25% of baby booms have no retirement savings.

24% of Americans have postponed the age at which they plan to retire because they haven't saved enough money!

The limitations:

Given the flexibility of the Roth IRA:

1. You can not deposit more than you make in a year.
2. You can only deposit earned income.
3. Once you reach income ceiling you can no longer contribute to a Roth IRA.
4. Only withdrawals of contributions are tax free.

For information please contact Marty Hosking www.dcmarty.com