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south central WI | Yes, fund it this year. I say that so you start funding it every year. It's too easy to overthink it. Just invest the money and do it every month or quarter for best results. My money is auto deposited into the fund every month. Doing it this way, I don't have to wonder what month is best, or if the stock market it zooming (don't want to invest in an upmarket, it's due for a change), or if the market is dipping (don't want to invest in a falling market, I'll wait til it bottoms).
I think my ira's have outyielded my land purchases by quite a bit. I think it's a smart choice if you have kids also. If managed to do so, there may be cash when you die to give to the non-farming children, which reduces family issues. | |
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IRA and taxes. Is it smart to fund it on a low tax or loss year?
