Lately, I have been investigating How To Open A Roth IRA as I am exploring my retirement options.
Currently, I contribute almost the maximum to my 401k but do not save much beyond that so I am looking for other retirement vehicles. It’s just hard to save money outside of my retirement fund because I like to spend it 
Who doesn’t?
Anyway, if you do your retirement fund right, you will have a lot of money for your retirement years. This is why I am trying to max out my 401k every year and looking for other vehicles as well so that I will have money when I retire.
Thus, as I am investigating retirement options, two possibilities stick out: an IRA or a Roth IRA.
I have realized that I can choose either of these and the main difference is that, with the IRA, the money is taxed when I take it and with the Roth IRA, the money is taxed before I put it in.
This is a hard decision. If I go with regular Roth, I have more money in my pocket now. And if I go with Roth, I have more money in my pocket later and less now. But retirement is for later, right?
Thus, I am going to open a Roth IRA and contribute the max each year of $5,000. This will be less than $500 a month and will set me up nicely in my retirement years. I will have to sacrifice a little right now but will have nothing to worry about later in life!
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