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re: Roth IRA vs Traditional Savings Account

Posted on 2/3/14 at 12:57 pm to
Posted by GoCrazyAuburn
Member since Feb 2010
34906 posts
Posted on 2/3/14 at 12:57 pm to
Are you asking which is better for saving for retirement or which is better for an emergency fund?
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 2/3/14 at 1:03 pm to
quote:

Are you asking which is better for saving for retirement or which is better for an emergency fund?


That's how I took it, hence my somewhat smartass of a reply. To me, it would just be silly to use a Roth as an emergency fund, for something as simple as vehicle repairs. I am sure there are other factors in which it would make sense, but the OP specifically used vehicle repairs as an example.
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