The six generosity experiments for this retirement planning class are going to help you work-out what it could look like for you if the primary purpose of retirement planning was to sustain a generous lifestyle. For this experiment, you will be setting up a Roth IRA account and praying through the purpose of your first contribution.

Generosity Experiment 3
The six generosity experiments for this retirement planning class are going to help you work-out what it could look like for you if the primary purpose of retirement planning was to sustain a generous lifestyle. For this experiment, you will be setting up a Roth IRA account and praying through the purpose of your first contribution.

Steps
1. Open Roth IRA account. Here are a few different lists of where to open up a Roth IRA. Which one did you choose? If you already have one, which one do you have?

https://www.nerdwallet.com/best/investing/roth-ira-accounts
https://www.bankrate.com/investing/best-roth-ira/
https://www.thebalance.com/best-roth-ira-4172142

2. Deposit an amount into this account (can be as small as $1). Remember you will most likely be penalized if you take money out before 59 1/2.

3. Watch video 1: 5,000 year goal.
Video link: https://www.youtube.com/watch?v=Q-Dh2NjLf4A

4. What is the most important goal you can think of for the next 5 years, 50 years, and 5,000 years?

5. How does this 5,000 year goal impact the purpose of your IRA contributions? Put another way, if you were not going to live to 5,000, how would your 50 year goal be different?

6. Pray and journal about the purpose of your retirement contributions – how will they be used for your 5,000 year goals?

Upload a journal document addressing all of the steps above. Begin each paragraph with the step number that is being addressed. Single-space, 12-point font.