April 30, 2018

Mother's Day Gift Ideas for May 13, 2018

What mom needs is not an expensive restaurant meal, flowers that will wilt in less than a week, or another household gadget. What most mothers need, especially those who are NOT in the paid workforce is... an IRA! Yes, an individual retirement account! Women who are working full time (unpaid) in the home need to build retirement security and, unfortunately, most will depend on their husbands, who are subject to the 4 Ds: Divorce, Disability, premature Death, and Desertion.
Husbands are building Social Security credits, and often have access to retirement accounts (in their name only) at work. What retirement security does mom have?
It's time to enter the 21st century and fund a Roth IRA for mom. Check out the ultra low cost, very diversified options from mutual fund companies Charles Schwab and Vanguard.
You only need $100 to open a Schwab target retirement index fund IRA. http://www.schwab.com/public/schwab/investing/accounts_products/investment/mutual_funds/mutual_fund_portfolio/target_funds
If Mom is worth $1,000, then check out Vanguard Target Date Retirement Funds:
https://investor.vanguard.com/mutual-funds/target-retirement/#/
Both mutual fund company websites explain mutual funds, target date funds and IRAs.
Search this blog for "Mother's Day" to read more about IRAs for mom.
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1 comment:

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