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How I am able to save for my IRA

November 5th, 2007 at 02:05 pm

Although money is tight this year, I refuse to ignore the need to save for retirement. I am using money refunded to us for healthcare expenses to fund this years IRA contribution. My DH has a flex benefits account that reimburses us for out of pocket health costs. Since we already spent the money, I take the refund checks and earmark them for our retirement savings. It is money we do not miss since is has already been spent. With 4 kids and 4 people in the family, between glasses, contacts, dentist visits, doctors office co-pays etc. we should have no problem meeting our plan max of $2500. That means I will have $2500 to add to the retirement savings without having to further stretch our budget.

2 Responses to “How I am able to save for my IRA”

  1. madhaus90 Says:
    1194272189

    I like that idea! thanks for the tip!

  2. Broken Arrow Says:
    1194282857

    Good for you for maintaining retirement savings!

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