Yesterday, I wrote about the most common fear of a Roth IRA, that I have talked to my friends about. And that fear is putting the money into a Roth IRA, then needing the money, but not wanting to get penalized to do so. What many people fail to realize is that you can take… Continue reading Roth IRA Unusual Benefits Part 2
Tag: Roth IRA Emergency Fund
My Stealth Emergency Fund?
Do I have a Stealth Emergency Fund? I used to believe that I didn’t have an emergency fund, and I’ve commented on other blog sites stating that I didn’t have one too. But really I do, but most people would not consider it a traditional emergency fund. I estimate that I have over $15,000 that… Continue reading My Stealth Emergency Fund?
Roth IRA Emergency Fund
I don’t have a traditional emergency fund, so I decided once my mortgage is paid off, I’m going to use part of my previous mortgage payment savings to fund into my Roth IRA as an emergency fund. My Roth IRA previously was used just for active trading in a few high beta stocks. This… Continue reading Roth IRA Emergency Fund