First of all, thanks to MoneyNing for including my article on The House Rabbit – Nature’s Economical Pet as part of the Carnival of Personal Finance #147. I told my rabbit that he’s famous now, but all he did was beg for a piece of banana. 🙂
The 15th of April is fast approaching, and you know what that means? Taxes? No, no, no. I paid those last year! More importantly, April 15, 2008 is the deadline to contribute to your Roth/Traditional IRA for the year 2007.
The contribution limit is $4,000 ($5,000 if you’re 50 or older), and has gone up to $5,000 for the calendar year 2008. If you don’t have an IRA, the perfect time to start one is RIGHT NOW!
As a graduate student (in the arts!), my salary is pitiful, laughable, and embarrassing. Seriously, there are people who weigh more than what I bring home each paycheck! Even so, I have scrimped and scraped and managed to fund my IRA contribution to the max.
If I can do it, you can too. 🙂