LateInvestor.com

Ramit From IWillTeachYOuToBeRich Is A Roth IRA Fan - Should Every Beginner Investor Be A Roth IRA Fan Too

Posted on the May 26th, 2009 under Beginning Investment Strategy, Mutual Funds, Roth IRA by Jeff the late investor

I find it interesting that Ramit Sethi from http://IWillTeachYOuToBeRich.com/blog/ so prominently mentions that the first thing he does with his monthly paychecks is
1) Automatically deposit into his 401k fund
2) Deposit money into his Roth IRA fund.

Based on what I’ve read from Ramit, this is a guy that really knows his stuff when it comes to personal finance and personal investing. So when, in his post Automating your money — especially entrepreneurs and freelancers , I see him so strongly advocating automatic contributions to Roth IRA funds, it makes me even more inclined to make my beginning investments into a Roth IRA. I still haven’t actually made any investments yet, that should come by the end of this week. I’m not 100% confident inn my understanding of what all is involved in learning how to invest, and as a beginner investor (and a late investor of course), I want to be totally comfortable with what little money I can afford to invest.