how should a stay at home mom save for retirement?.?

Answer 1

You can still set up a roth IRA or 401K on your wn. Contact a financial advisor and see what the minimum is to start an account. You can take and save all that loose change or ones that you may have or put your tax returns into the account. Good luck

Answer 2

Does your husband work!? Do you have other sources of income?!

I read an article that suggested a person put away 10 dollars a day. He said he suggested it in a class he was teaching and one of the students raised her hand and said that this wasnt practical for an everyday person who didn't make that much. That day he sat down with her and asked her to go over everything she had bought and spent that week day by day.
It turned out the girl had Starbucks for breakfast every morning and had also bought a magazine or a newspaper. There was her 10 bucks right there.

It's little things you don't notice. So if you can make yourself save even 5 dollars a day and not touch it, it will really add up over time and you will hardly notice its gone.

I suggest putting it in a savings account such as ING Direct. Everything is done online and the interest rate is around 4.5 percent which is fairly high. You can't pull your money out right away it takes 7 days to retrieve it so you're less likely to splurge and spend that money like you would if you opened a savings account with your bank.

Hope this works for you!

Answer 3

it particularly is the commerce-off. you ought to "desire" which you nevertheless have him or a minimum of his retirement at sixty 5. you ought to desire that he plans his retirement properly. you're kinda doing issues backwards so this is gonna take a large style of greater artwork that it does no longer have in case you had planned a occupation first then marriage and youngsters. you do no longer purely choose retirement, you want a back up plan in case you grow to be a single mom. meaning some college courses, at night or on line, yet from a real college, no longer one that advertises for the period of choose Judy. you ought to look out for your self some. better of success, one concern you have is time.

Answer 4

Yes: There are ways to put a dollar here and there. Then take these accumulated dollars and invest them in things that give a good return and put the return in things that will keep it safe.

In the very beginning you will feel that you will never get to $100. After a while you will feel you will not get to $1,000. But as you keep going you will find it easier to do and joy-full to be able to do it.

Answer 5

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Answer 6

You are already retired.