Funding Retirement with Plastic

Now this idea just seems to go against prudent financial management until you consider the details. The idea is NOT to charge your expenses in retirement but to use your credit card to add to a retirement account rather than get frequent flyer miles (which are getting harder to actually turn into flights) or other rewards. You only receive the benefits if you pay your card in full each month so set up an auto pay from your checking account. Check out the details at: http://blogs.marketwatch.com/encore/2013/05/31/funding-retirement-with-plastic/ If you already have a cash back credit card, consider committing the cash to help fund your IRA rather than spend.