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Old 06-01-2007, 01:26 PM
Shoe Shoe is offline
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Join Date: Jul 2004
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Default Re: Starting a Business vs. money in Roth

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You can't put $500 per month into a roth until 2010.

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Yes you can, you just can't do it every month of the year right now (current max is $4,000 per year).

I'd suggest putting money into the Roth if you can, and try to keep it seperate from your startup capitol (I believe after 5 years you can withdraw your initial deposits but not any earnings without penalty). You will be happy as you get older to have money just for retirement.
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