What is the best way to start?
I've never filled taxes, owned a credit card, or anything. I've always used cash. I want to be in good standing with these things. Seeing as i have no status with it, how do I start. I'm thinking about hiring a financial advisor and tax agent or something to start this process of building my credit history, but, i don't think i have the money for that rigth now. But, i know i have to file taxes this year, since I'm also starting my first job. I don't want to end up like these people in debt and living paycheck to paycheck. I also want to start a Roth IRA. I'm young, but, i want to be secure. Can anyone point me in the right direction with these things. Taxes, credit, saving, retirement. This is what I want to get in order. Any advise?
Public Comments
- save your money in a Roth IRA. You can pull it out later to buy a house. Thats the flexibility someone your age needs.
- If you start now putting something in a ROTH IRA, if one is available for you, when you are of retirement age you will be very secure. If that type of savings is not available do something, US Savings Bonds or any method in which you can put money aside for the future. Since you are just starting out you don't need a financial adviser and may not need a tax agent (your term). Most of these things can be accomplished with a little study and interest. Got take an income preparation class, it will pay for it's self a thousand times.
