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Starting up the ROTH, again.

June 29th, 2009 at 07:43 pm



When I got laid off last October, the economy was bombing and I stopped my ROTH contributions. I've been gainfully employed for 5 months now and I'm a little embarrassed to say I haven't picked them up. My thinking was that with the market the way it was it made more sense to invest in things that will have more tangible return on investment, like topping off our emergency fund and making some good headway on our goals savings account, and completing our badly needed master bath remodel.

While I am still very reluctant to do so, I do have faith that the economy will start to come back up in the next few years, and obviously missing out on the growth would be missing out on the whole point of investing. We're mostly a target date fund kinda family when it comes to retirement investments so I am going to re-start contributing to the Vanguard 2040 once again and try not to obsessively watch it month to month like I tend to do.

1 Responses to “Starting up the ROTH, again.”

  1. baselle Says:

    I think its a good time to re-start the Roth. I'm treating this stock meltdown of 08-09 as making hay while the sun shines, just like I did in 03-04. But definitely use the x-ray function on Morningstar.com to see what kind of investments your target date fund is in before you take the plunge.

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