Ladies, start an IRA account! You'd have to be insane not to. The financial advisor, Stuart, was saying that you need some $500,000 to retire, and he is correct! But this does not mean that you have to earn all of this money and stowe it away!
I give you...
Steps to Safe Investing
1) Go to H&R Block (they are VERY nice there), and claim a small amount of your money on taxes, so it's safe to invest. Worried about background checks? Then claim as a cocktail waitress. Personally, I told them that I'm an independent contractor, I only work about once a month, and average around $300 per visit. I only make cash on a tip basis, so I have no W-2's, etc. (ha. ha. ha.) They love me there.
2) Go to fidelity.com (a very user-friendly investing site), or a site of your choice.
3) Find a Roth IRA, or 401K IRA that looks good to you, and arrange its maturity date to be around when you plan to retire.
4) Put like $200 a month (or as much as you feel comfortable putting in, depending on how much you claim on taxes) into this account.
5) IGNORE minute market fluctuations. The economy will get better (certainly before you retire), and your account will accrue interest. Just be disciplined, and don't withdraw your money when you feel like it. Let it sit. And rest easier knowing that you're planning for your future.
Seriously. Take a few thousand bucks (that money is just laying around: why not put it to work for you??) and put it in an account. Only good can come of this.
While you're at it, buy a few CD's. They're low risk, low profile, and again, merely put lazy money to work.
Trust me, it's easy.
Let me know if you have any questions. And feel free to add advice to this! I am not claiming to be a know-all on the subject by ANY means.



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