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- Master low-light photography
- Purchase more buttoned-down shirts at Target
- Figure out whether I need a Roth IRA
- Dare to buy frozen Mahi-Mahi at Trader Joes
- Curb appetite for consumer electronics
- Wear fewer t-shirts with clever sayings
- More Kafka
- Implement sorbet-only diet
- Take a roadtrip through California
- Stop being angry that I don't use my gym membership and instead be content that $10.00 per semester is a bargain
- Once again become Iron Chef America
- Be more skeptical about Google
- Go to the movies more than once a semester
- More traveling to India and Pakistan // Less Campylobacter and Giardia
- Eventually stop watching reruns of Everybody Loves Raymond
2 comments:
Roths are ideal for people in our situation (young professionals just beginning to earn real money), because you are contributing after-tax dollars. This means that unlike a traditional IRA you won't pay any tax upon withdrawal. This is great for people who expect to be in a higher tax bracket at retirement than they are currently.
So the answer is that you do need a Roth IRA, but unfortunately you will only be able to contribute for a couple more months, as the ability to contribute is completely phased at around $90,000 in income for an individual ($160,000 for married filing jointly). An alternative is the Roth 401k, which some employers are starting to offer, although I haven't heard of any law firms offering it.
i can always rely on you, justin.
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