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re: Taking money out CD and putting into Roth
Posted on 11/25/14 at 11:08 am to LSUengineer12
Posted on 11/25/14 at 11:08 am to LSUengineer12
Just keep in mind there are tax issues in taking money back out the IRA (can only withdraw principle I believe). So, its a little less liquid.
You would really just be putting your funds in a different investment vehicle, so it depends on what your goal is for this cash. However, a CD is pretty damn worthless at the moment. I would put in Roth if it is truly a long term investment, but would also consider transferring to savings if you don't have a safety fund saved up already. Newly weds can come across some hefty expenses, and there will be an adjustment sharing money.
You would really just be putting your funds in a different investment vehicle, so it depends on what your goal is for this cash. However, a CD is pretty damn worthless at the moment. I would put in Roth if it is truly a long term investment, but would also consider transferring to savings if you don't have a safety fund saved up already. Newly weds can come across some hefty expenses, and there will be an adjustment sharing money.
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