All tagged roth ira

The Six Figure Babysitter: How Stay-At-Home Moms Can Pay Themselves

A stay-at-home mom is a working mom.

I recently read that the annual salary of a stay-at-home mom for 2019 was $178,201 based on an analysis by salary.com. Unfortunately, the reality is that no matter how much these figures have risen over time, stay-at-home moms do not see a single cent of this salary. Before you become a someone else’s caretaker, set money aside if for the sole reason to have it as a cushion for when and if you decide to leave the workforce to care for others.

Using a ROTH IRA for a House Down Payment

When people hear of an IRA, the Individual Retirement Account, they automatically assume this money is for retirement only. This is one of the great misconceptions about the IRA. It’s helpful to know that an IRA can be used for many things including using it for a house down payment.