Archive for Emergency Funds

In Case of Emergency can a Roth IRA help you?

I came across an article on Roth IRAs and thought what a great In Case of Emergency backup plan.  According to the information I was reading this is a way to tap into the initial funds you deposit in a Roth IRA without a penalty, and use them as  emergency funds.  In Case of Emergency, if you pull money from many other type of investment you may be subject to penalties.  So ask your accountant or financial planner if this is a good backup plan for you, In Case of Emergency.  You should also try to have emergency funds that are separate from a Roth IRA.  Here is the link to the article that will hopefully help you improve on your emergency funds, written by Chris Farrell, “Roth, the emergency-emergency fund”

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