Reply to Don't make enough to invest in a Roth IRA

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have a state job with a pension, but won't be eligible to for social security. I always thought that would be enough, but now I am realizing that won't be the case.

The thing is I have child support obligations and being on one income finances are tight. Thankfully I end up in the green every month, but with only $250 to save. I have been keeping this $250 in my savings account for emergency expenses and they do arise. For example a few months ago $2k were wiped instantly when my son needed braces.

The problem is if I get a side gig, my child support obligations will go up I think. Or are revenues from side gigs such as Uber not included in child support calculations? I wouldn't mind making more and providing more for my kids, I just don't want it to be part of any legal obligations.

Now, should I perhaps put $100 into Roth and just save $150?

I am 46 today. In about 9 years my kids should be done with college. At that time, I will have more money.

I don't want to wait until I am 55 to start investing into Roth, but sadly that's the only time I will have more disposable income.

I don't even know if I am venting or just asking a question at this point lol. I'm grateful for a "safe" job, but I need more money.[/quote]How long were you married? Will your ex qualify for social security? [/quote]

This. If you were married at least 10 years you can still take a 50% spousal election of his social security.

You can also look for odd jobs that pay cash like babysitting. [/quote]

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