I’m feeling just a leetle bit overwhelmed by the financial things I want to accomplish this month. We have an appointment with an attorney to draft up our wills, and we’re also planning on opening a Roth IRA and establishing education savings accounts for our children.
I feel really old all of a sudden.
I’m reading a book to help me get some advance understanding of what we should think about in terms of our wills, and I’ll share some more info with you on that soon.
For the IRA and ESA or 529 plan, we’re meeting with one of Dave Ramsey’s “Endorsed Local Providers” to give us some options. I trust Ramsey’s advice and I like how he vets his ELPs, so hopefully it’ll be a helpful meeting.
In the meantime, I’m trying to understand the fees that will be associated with all of our investments and how best to maximize what we’re doing. I don’t want a high-fee investment to take away the bulk of the earnings, you know?
All of these things just feel so complicated to me. I hope that once I sit down with some professionals, that they’re able to explain things to me in a way I can understand.
We work hard to save our money and I think it’s important to make sure it’s working hard for us.
How did you set up IRAs or 529 plans for your kids? Did you work with a financial planner or did you do it yourself? Any advice?