The Roth IRA can be a viable emergency savings backup plan because of its flexibility. In fact, there are a lot of people who intentionally plan to use their Roth as an emergency fund or to save for house downpayment. The Roth has the most flexibility. Roth contributions can be withdrawn tax and penalty free at any time – and at any age – because you contribute after-tax dollars as opposed to the traditional IRA where you contribute before taxes and get to write off those contributions on your tax return. #rothira #RothIraHacks #taxfreewithdrawal #rothirawithdrawal #emergencysavings #personalfinancetips... ( read more )
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Raiding Your Roth IRA for Emergencies: A Last Resort Option A Roth IRA is a retirement savings account that provides individuals with tax-free growth and tax-free withdrawals in retir...
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