MAN this is gonna be awesome for one of you out there!! In preparation for the awesomest movement yet – The Roth IRA Movement – coming up on March 27th, and created by my boy Jeff (aka Mini “Rock”) from Good Financial Cents, we’re banning together with the new IRAmarket.com service to give one lucky person $5,000 to max out their ROTH IRA this year! Or $6,000 if you’re 50 y/o and up!
For those who don’t read Jeff’s blog, this whole thing started when he went back to his alma mater to teach a class on good financial management, and *not a single person* knew what a ROTH IRA was. Which is crazy!! Especially considering how awesome they are, and how much all of us love ’em ;) So he started this Roth IRA Movement which goes like this,
“On March 27, 2012, we’re going to have over
50125 bloggers talk about why the Roth IRA is important, why they love it, and why every young investor needs to know more about it.”
Bam! For anyone reading financial blogs that day, it’ll be hard to miss this thing ;) Which is exactly the point. ROTH IRAs are important!! And so awesome that the gov’t puts a ban on how much you can invest in them! Haha… they like to be able to tax your profits, but with these guys everything grows inside of them TAX-FREE – you only get “dinged” in the beginning as you have to put in out-of-pocket money (that’s already been taxed) each time. Until you earn too much to even qualify!
And so today a handful of us blogger friends join together, along with IRA Market, and we help spread the love by giving one of our lucky readers the $5 Grand in question :) So big ups to Good Financial Cents, PT Money, Cash Money Life, Christian PF, and Generation X Finance too for being a part of it!
A Little About IRAmarket
IRAmarket.com is a new service that helps you compare banks’ and brokers’ IRAs. In addition to profiling 20 of the leading IRA providers, IRAmarket helps you see all the current offers for opening an IRA or rolling over an old 401k or 403b to an IRA. Offers include cash bonuses from companies like Schwab, E*TRADE and Scottrade, and free trades offers from Fidelity, Wells Fargo and USAA (Woo!).
IRAmarket’s mission is to help Americans save more for their future. Articles and tools on the site help you learn about the cost of 401k plans, and how you may be able to save more by rolling over to an IRA. You can use IRAmarket.com’s cost estimator to see how much a company’s IRA may cost depending on what you invest in and how much you trade. In the future, IRAmarket will be adding features to make it easier to compare fees, open IRAs and roll over 401ks.
As part of its contribution to the #RothIRAMovement, IRAmarket is sponsoring a “Win $5k for Your IRA” contest to raise awareness about IRAs and the upcoming April 17th deadline for 2011 IRA contributions. You can enter the contest through April 8th for a chance to win the maximum IRA contribution of $5,000 or $6,000 if you’re age 50 or older. After you enter, you can share the contest with friends and family for additional chances to win a matching prize.
How To Enter The Giveaway!
Like and/or follow some of our co-sponsors, and then hit the big green button at the end! It’ll take you to IRAMarket’s Facebook page (which you also have to “like”) and then you’ll be able to register there. Pretty easy stuff :) And you have until April 8, 2012 to enter. (If you’re reading this in RSS, you may have to click over to the post to see the graphic)
GOOD LUCK everyone!! Someone from our blogs will win big, and I VERY VERY VERY much hope it’s one of you guys :) And even if you don’t get the free money, I really hope you consider opening up a ROTH IRA and at least start contributing a few bucks towards it… Even just $25/mo will get you rolling in until you can increase it down the road… it’s pretty sexy stuff! Have a great day, everyone!
***GIVEAWAY NOW OVER***
**Giveaway is only open to those of the US who are 18 and up.
(Photo permission by J. Jeff Rose)
PS: Some of my favorite tools:
|Personal Capital (FREE) -- If you’re looking for a robust financial tracker, Personal Capital is the way to go! They’re like Mint, but on steroids and have much better tools for investment and net worth tracking. // Full review|
|Digit (FREE) -- A super easy (and automated) way to save. Every day Digit analyzes your income and expenses and will push money aside for you any time it sees extra sitting there. I've saved over $4,000 myself using them so far! // Full review|
|Acorns -- Having trouble finding money to invest? Check out Acorns – they round up all your transactions to the nearest $1.00 and drops the difference into an investment portfolio for you. Easy way to start investing! // Full review|