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That’s right.  After 6-8 months of thinking about it and then a rush to save for it, we have opened and fully funded a 2nd 2010 Roth IRA!

Our 2010 Goal to Open another Roth IRA

You may remember that one of my goals for last year was to fully fund 2 Roth IRA’s, but then I went off and used our emergency fund to pay off the car debt instead. 

That meant that we spent the last half of the year simply building back up our emergency fund to $10,000.  Honestly, if it wasn’t for my blogging income, this 2nd Roth IRA may not have been opened until the end of 2011. 

How We Funded this 2010 Roth IRA

In order to beat the April 18th, 2011 deadline for funding 2010 Roth IRA’s, we used all $3000 that we had saved specifically for that purpose so far in the last 3 months and borrowed $2000 from my blogging income account that we will be using as self-employment padding when I do finally blog full time.

This means our liquid assets just took a $5000 hit in favor of our retirement accounts, but Mr. BFS and I think that is okay.  In fact, since we don’t have to lower our quality of life to do it, we both are okay with saving as much extra as possible for our early retirement dreams.

Plus, we were able to buy some really nice high dividend stocks at a discount since the market is down again.  Yay!  🙂

Goals Accomplished

I guess this post was mainly just to say I eventually crossed off a 2010 goal!  In fact, I had 2 goals left that I didn’t complete as of New Year’s –

2010 Goals

1. Eat out no more than 3 times a week.  CHECK

2. Visit my remaining high school friends as I promised.  CHECK

3. Lose 20 pounds by our annual vacation. 

4. Learn a song well enough for karaoke.  CHECK

5. Max-out another 2010 Roth IRA instead of just the one we have already.

CHECK and CHECK!!!  Woot!!!  Delayed counts, right?  🙂

Remember that we all have until April 18th, 2011 to fund 2010 IRA’s and good luck!!!