Comments on: Roth IRAs as Emergency Funds? http://www.countingmypennies.com/2008/03/11/roth-iras-as-emergency-funds/ Mon, 06 Sep 2010 14:36:54 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Teddy Staats http://www.countingmypennies.com/2008/03/11/roth-iras-as-emergency-funds/comment-page-1/#comment-11268 Teddy Staats Sat, 29 May 2010 23:48:54 +0000 http://cmp2008.wordpress.com/2008/03/11/roth-iras-as-emergency-funds/#comment-11268 In my opinion, that Interest Savings Accounts is way to low! In my opinion, that Interest Savings Accounts is way to low!

]]> By: J. Savings http://www.countingmypennies.com/2008/03/11/roth-iras-as-emergency-funds/comment-page-1/#comment-274 J. Savings Wed, 12 Mar 2008 21:32:00 +0000 http://cmp2008.wordpress.com/2008/03/11/roth-iras-as-emergency-funds/#comment-274 i agree, having some $ in a Roth IRA for emergencies are fine, but there is no way i'm putting ALL of it in there.<br/><br/>i actually *just* opened up a <b>money market</b> account and hustled all my Emergency Fund cash from my savings into into it. unlike the Roth, you can add and take from it as needed! lower yields of course, but at least it's more dependable.<br/><br/>i love it :) i agree, having some $ in a Roth IRA for emergencies are fine, but there is no way i’m putting ALL of it in there.

i actually *just* opened up a money market account and hustled all my Emergency Fund cash from my savings into into it. unlike the Roth, you can add and take from it as needed! lower yields of course, but at least it’s more dependable.

i love it :)

]]> By: A http://www.countingmypennies.com/2008/03/11/roth-iras-as-emergency-funds/comment-page-1/#comment-273 A Wed, 12 Mar 2008 00:24:00 +0000 http://cmp2008.wordpress.com/2008/03/11/roth-iras-as-emergency-funds/#comment-273 I'm of a similar school of thought, my emergency fund will eventually have about six months of expenses.<br/><br/>Should something happen that eats through that fund / any other liquidity I have, then it'd be time to look at raiding the Roth.<br/><br/>I think it also depends on your definition of emergency. I budget for car emergency's, vet emergency's and such so it'd be a disaster to get me to break the bank on my emergency fund. I’m of a similar school of thought, my emergency fund will eventually have about six months of expenses.

Should something happen that eats through that fund / any other liquidity I have, then it’d be time to look at raiding the Roth.

I think it also depends on your definition of emergency. I budget for car emergency’s, vet emergency’s and such so it’d be a disaster to get me to break the bank on my emergency fund.

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