My Annual Roth IRA Rant

It's tax time. Time for everyone to get a fresh reminder that Uncle Sam is a greedy old fart who takes away a lot of your money. Oh, and next year most of you will be paying even more. Are you ok with that? I should hope not, but don't fret there is a way to fight back. Invest your money in a Roth IRA.

Those of you who have followed me know I'm a huge proponent of Roth IRAs and dividend stocks. It gives me great pleasure to receive dividend payments in my Roth IRA account, reinvest those dividends to utilize the compounding affect, and not have to worry about paying a cent to the IRS.

Roth IRA + Dividend Stocks = Awesome!

How many of you are aware of what a Roth IRA is all about?  How many of you are actively investing and maxing out your Roth IRA?  My guess is very, very few... and if that is the case well, pardon me, but you're crazy!  Perhaps you think taxes won't be as high when you retire as they are now (ha!).  Maybe you enjoy paying taxes and feel the government will spend your tax dollars efficiently and intelligently (Commie!).  

Ok, most likely you don't fully understand the benefits and you'd rather spend your money on other things you feel are more important today.  Well hopefully a recent article that I had published on Seeking Alpha will change your mind... Read On

Get Rich... Slow

"You could see 1900% gains in one year with this stock!!" "Double your money in just 4 weeks!" "Buy this stock before the end of the month or you'll regret it!"  Sound familiar?

I'm sure most of you have gotten spam emails, junk mail, or possibly even telemarketers that have spouted this type of nonsense.  Sometimes the marketing of the adds can be tempting, I've certainly been intrigued at times.  A few times I even did a bunch of research online and found out what stock they were talking about and invested.  Guess what happened 95% of the time?  Lost money?  Check.  Felt like a sucker?  Check.  Got intrigued by another marketing pitch?  um... yeah ok, fine, Check.

Around 2005 I finally got wise.  I stopped chasing the quick buck and started seriously thinking about my future.  Not my 5 year, 10 year, or even 20 year future.  No, I started thinking about retirement 30 years away.  I wanted to have an ever-increasing, recurring stream of passive income without having to lift a finger.  I found my answer on how do that, and couldn't believe how easy it would be.  The answer of course, dividend stocks!