Friday, January 4, 2008

Suze Says

Suze Orman has concise and practical information on investing. From her book "The Money Book for the Young Fabulous & Broke":

• Fund 401(k) to contributing max of employer
• Fund Roth IRA to annual max ($5,000 for 2008; annual income must be less than $100,000)
• Build 8-month emergency fund ($18,000)
• Pay off credit cards (especially over 8%, as their interest “beats” investments)
• Make a 20% deposit on a home to avoid PMI

Related links:
Suze's Site
Wikipedia entry on Roth IRA

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