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re: Roth IRA- is it considered a liquid asset
Posted on 1/16/13 at 5:06 am to Vols&Shaft83
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
1
Posted on 1/16/13 at 5:29 am to Siderophore
I get that, but I assume if someone is disciplined enough to max out their Roth, they'd be disciplined enough to not spend their emergency cash on a new boat, lol.
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