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Mistake #1: Neglecting to address the root cause of the debt first.

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The back story

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  • Do you want to save more than the annual IRA contribution limits ($6,000 in 2021 unless you’re age 50 or older, then it’s $7,000)?
  • Is reducing your taxable income an important factor?
  • Will you save for the future otherwise?

Do you want to save more than the IRA limits?

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Image credit: author; Olympic National Park

Setting an achievable goal

Woman almost entirely underwater, with her face from the nose up above the surface.
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Woman in front of a fountain.
Photo of author on vacation, after escaping paycheck to paycheck living

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Kelley C. Long

CFP & CPA writing about money & how it fits into life based on my work with everyday people as a financial coach.

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