You probably chose a career as a nanny because you love children! That means you have some unique job benefits - like hugs and kisses, grateful parents, art projects full of stickers and stamps to hang on your fridge, and the opportunity to love and educate a little mind and truly make a difference. However, a benefit you probably wont receive as a nanny is access to a traditional employer-sponsored retirement account. That means its up to YOU to start thinking about and planning your own retirement. The best retirement tool for nannies is a ROTH IRA. Any nanny can open up a ROTH IRA account on their own. Vanguard is a great place to open such an account - do it today! Most financial experts suggest investing 15% of your gross salary into retirement, but just getting started is MOST IMPORTANT. More information on retirement accounts and tips on how to invest can be found in this great article from our friends over at Dave Ramsey. Also check out Dave Ramseys Financial Peace University if youre looking for in-depth financial education!
Posted on: Wed, 09 Apr 2014 18:28:43 +0000
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