re: Emergency fund opinions

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And the max contribution to a Roth is $5,500 per year as of 2013? What are the tax benefits to having my money in a Roth account rather than a savings account?

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The easy benefits:

You don't pay taxes on your earnings , so your money grows tax-free until either A) withdrawal not following distribution rules, or B) the government decides to be an a-hole and start taxing them.

The other benefit: You can invest in whatever you wish with a ROTH IRA so your ROI should be a whole lot higher than if the money sat in a savings account.

Of course, going with a ROTH vs. a Traditional IRA is a different exercise and depends on the individual circumstances. Gonna have to google all that because that's when I'm not too good with this stuff.