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Started By
Message
re: Emergency Fund
Posted on 2/26/10 at 4:39 pm to Cash
Posted on 2/26/10 at 4:39 pm to Cash
quote:
Which is the biggest reason I vote no for the roth as an EF.
Explain the logic...
You only raid the Roth as a last resort. If you do have to raid the Roth, that means you didn't have cash to put elsewhere OR to max out the Roth. In other words, you're not losing anything because you didn't hit the annual limitation to begin with.
This post was edited on 2/26/10 at 4:49 pm
1
Posted on 2/26/10 at 9:14 pm to Dusty Bottoms
quote:
Explain the logic...
You only raid the Roth as a last resort. If you do have to raid the Roth, that means you didn't have cash to put elsewhere OR to max out the Roth. In other words, you're not losing anything because you didn't hit the annual limitation to begin with.
You and I have different definitions of an emergency fund. I would use my Roth as a last resort also.
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