My IRA is the governments TSP program, which I already have maxed out. Really good deal that - disbursements from my original Army TSP account kept us goign through the time of my unemployment. The remainder got put in a separate rollover IRA that just sits there until I turn 60 or die.
Allotment #1 is $115 out of every paycheck to Roz's IRA, which over the course of a year puts in $2,990, the maximum allowed being 3K. For 2003 I'll have to send in a check to cover all of the payments I didn't make earlier in the year.
Allotment #2 is an additional $100 out of every paycheck into a savings account for our return trip to Sanibel Island in April of 2005. By then it should be a goodly chunk of change to make a fine trip of it.
It knocks my take home paycheck out of the four figure range, but I feel pretty good about both choices.