Getting back on track with my IRA
I want to fully fund my IRA this year, but I’ve kind of been slacking. I started off the year right — making regular investments each month, but then somehow it kind of dropped off my radar.
I think I got too caught up in buying single stocks in my regular brokerage account instead. A couple of months ago though, it dawned on me to buy the single stocks within my IRA. So since then I’ve been doing a little better, but I’m still behind.
And it’s kind of silly, but now that the markets are heading upwards (knock on wood) I keep looking at my account and wishing I’d sent more earlier when they were lower. Hindsight is 20/20, right?
It wouldn’t bother me so much if I’d done what I intended to do instead, which was send $416.67 each month to my IRA. I wanted to take advantage of dollar cost averaging. Instead, I’ve been using the randomly-send-money-whenever method.
Not quite as effective.
But, I have 4 months left in the year to hopefully make the rest of my IRA contributions. (I know I could stretch them out til April 2010 in a pinch, but I’d like to get it done in this calendar year.)
So here’s to getting back on track with my IRA.
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