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re: 401k/Roth IRA question

Posted on 12/9/19 at 7:01 pm to
Posted by RickAstley
Reno, Nevada
Member since May 2011
2010 posts
Posted on 12/9/19 at 7:01 pm to
You shouldn't get rid of your IRA just because you don't 'need' two accounts. At worse, stop contributing and let it grow overtime. At best, you contribute to both accounts, and you build up savings outside of the accounts.

Roth IRAs are nice because you can treat the contributions as an emergency savings account, but you should absolutely avoid tapping your retirement accounts until retirement.
This post was edited on 12/9/19 at 7:02 pm
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