Only Have $50 a Month? So What, Start Investing!
Start saving now! when it’s automatically drawn out you don’t even notice it.
This post is for those who aren’t investing regularly for their retirement yet. Not just saving, investing. In order to retire right, you’re gonna have to beat inflation. That means no savings accounts! I wrote previously about IRA Options For Those Starting Out, with various options for those who with limited funds. How this? In addition to TIAA-CREF which was already mentioned, T. Rowe Price will let you open an account and invest in their funds for only $50 a month if you sign up for their Automatic Asset Builder program. There is a $10 annual low balance fee, but don’t let ten bucks stand in your way. Start! Here’s a little secret: $50 a month is nothing….
[ and the at MyMoneyBlog]
[Via MyMoneyBlog]