- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Roth IRA- is it considered a liquid asset
Posted on 1/16/13 at 5:01 am to foshizzle
Posted on 1/16/13 at 5:01 am to foshizzle
I completely disagree, yes you can withdraw without penalty, but you can't put the money back in, thus sacrificing potential long term gains. Why would you do that if you had liquid cash in a savings or money market account? You can replace those funds whenever you want.
I've always considered emergency funds to be insurance,not an ininvestment.
I've always considered emergency funds to be insurance,not an ininvestment.
Posted on 1/16/13 at 5:06 am to Vols&Shaft83
If I understand his viewpoint, that is the point.
He wants the emergency funds to hurt when using it, otherwise you'll risk using to buy a boat or something on a whim if it is just sitting in a savings account as opposed to an actual emergency.
Roth gives you the liquidity so that it CAN be used in an emergency even if it isn't a technically qualified distribution, but you don't have the opportunity cost from having 10k+ just sitting in a bank account doing little for you.
He wants the emergency funds to hurt when using it, otherwise you'll risk using to buy a boat or something on a whim if it is just sitting in a savings account as opposed to an actual emergency.
Roth gives you the liquidity so that it CAN be used in an emergency even if it isn't a technically qualified distribution, but you don't have the opportunity cost from having 10k+ just sitting in a bank account doing little for you.
This post was edited on 1/16/13 at 5:08 am
Popular
Back to top
Follow TigerDroppings for LSU Football News