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re: Emergency Fund

Posted on 1/5/13 at 10:43 am to
Posted by CaribbeanDemon
Caribbean
Member since Jun 2007
1374 posts
Posted on 1/5/13 at 10:43 am to
quote:

If you are looking to do something with the money in three months


I am not looking to do anything with it. It will be strictly an Emergency Fund in case shite hits the fan and I need it. That is why I want a financial vehicle that will allow me to access the cash in the event I have to have it. I threw out the 3 month CD option b/c the money would not be tied up for very long.

As to the other posters discussing Vanguard Roth, that is a good idea and I will start an account. I have concerns though that I may not meet the eligibility requirements next year and years after.

I really appreciate the suggestions.
Posted by Htown Tiger
Houston
Member since Sep 2005
2314 posts
Posted on 1/5/13 at 12:13 pm to
Out of curiosity, is it even possible to put $20k into a Roth account all at once? I thought the limit per tax year is $5k?
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