Well I've decided to open up a roth ira with the extra money we had in our checking account thanks to our tax refund. As tempting as it was to add to our savings account, it seemed like the roth would benefit us most over the long term. Thanks for all your input in my previous entry when I asked what you guys thought about opening the roth ira!

We opened the account with Vangaurd. I've heard good things about them, so we'll see.

For the past couple of months I've been thinking about opening up a Roth IRA. I'm trying to decide by April 15th because the tax laws say that you have until then to have your contributions count as last year's.

So we have $4,000 sitting in checking (in part due to Uncle Sam - thanks for the refund!) and don't know what to do. It's tempting just to put it into savings with the rest of the money we've saved, but I don't know if that's the wisest thing to do. Also we do have credit card debt in the same amount, interestingly enough, so maybe we should pay that off now. But because of the miracle of compund interest I am tempted to start the Roth IRA as soon as possible. What do you guys think?...