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Reply to "I am poor but want to fund my Roth IRA but am worried about the economy"
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[quote=Anonymous][quote=Anonymous]How much do you make? How much do you have saved? When do you plan to retire? But I think you know that you should fund your IRA. Maybe invest in an international fund (I have 50% of my money in VXUS). But most likely you don't need this money for another 10 years. If that's true, you should have no worries at all about investing in the stock market.[/quote] I don’t think it’s relevant how much I make. Just know that 7k/yr is a lot of money for me. I have savings worth 6+ months, as well as family who can help if needed, so that’s covered. I am planning to take the SS benefits at 67 but work until 70 to increase it, but this is just a plan of course. You’re right, I don’t think I’ll need the money in the next 10 years. [/quote]
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