Today, I got an e-mail from my mother asking if I had set up an IRA yet.  I had joined Mint.com a few weeks ago, which sent me a couple of e-mails since then, reminding me that if I opened up an Individual Retirement Account before Tax Day, I could save thousands!  Thrice I went, filled out all my info to see what I qualified for, and decided that I should go for a Roth IRA.  Thrice I left it at that, not daring to click on the links below to Fidelity, Scottrade, E*Trade, or Charles Schwab to actually set up an account.  So today, I decided it was now or never.  With only two and a half days left before the big deadline, I went ahead and tried out Fidelity.

After filling out some basic info, I was in and they had not only my Roth IRA info, but also the other retirement accounts I had from previous jobs.  The money I chose to transfer was due to show up in the account in a mere day or two, which is quite speedy for banking transactions.  I’ve got to say, setting up an account was never so easy!  In fact, a little part of me started to get paranoid that if it was that easy, perhaps it was a fake site I had somehow stumbled upon.  However, the little lock symbol at the bottom corner of my browser reassured me that this site was safe and legit.  I hope I’m not too dependent on that little thing!  Plus, Firefox has been amazing at finding phishing scams and redirecting me before I get to that site.  So all in all, it checked out and I was pleased.

Now I had just closed down my 401(k) from the University of California, since I stopped working there a few months ago, and my mom remembered hearing something about how I could still put that money into my brand new Roth IRA if I had not cashed the check.  Well, the check is still there and just a few weeks old, so I e-mailed in a question about how to take care of that.  Quite early into their work day, I got a very nice reply, complete with caring questions to make sure I knew what I was getting into before I chose to move my money like that.  I have always slightly feared having to take charge of my own money and figure out what to do with it, between stocks, bonds, mutual funds, CDs, and the myriad of investment options out there.  But with a message like that, I felt taken care of and it put me at ease.  Now that’ssome great customer service.

So, just before my taxes are due, I have taken care of something that makes me feel good about my future.  Yeah, sure, things aren’t looking up in the economy right now, but hey, that means the deals now should be the best as companies vie for your business through higher quality or better deals.  Plus, having the deadline extended four and a half months definitely encourages us to save!  Normally what happens in 2008 would have stayed in 2008 for this season’s tax reporting, but to push national savings, we were given the new deadline of April 15th.  Lucky me!  It’s about time I finally got around to it; I’ve been meaning to do something about a retirement fund for a couple of years now, but while in college, you don’t really feel it as much.  Now that I’ve entered the working world, it’s time to be responsible for what happens to my money and do what I can to maximize my returns while preparing for the future.

I’m feeling a lot better about my finances and I’m no longer so scared about not knowing what to do with my money.  It’s great to know there are knowledgeable people out there who can help me.  Thinking about this reminds of my ex-bosses from Smith Barney, who were financial advisers for people in the aerospace industry.  Maybe someday they (or their proteges) will be able to handle Panda’s finances for him.  😛  Ultimately, I would like to be well-off enough to hire someone to help invest our money for us.  Otherwise, it’s just too stressful to keep up with the changing markets and understand the latest benefits of putting your money in so-and-so.  For now, I’ll just keep putting as much money away as I can manage and try to reap the benefits of compound interest.