The Boomer Chronicles |
| Your Roth IRA Can Save Your Life. Here’s How. Posted: 15 Dec 2010 08:04 AM PST A Roth IRA can be an emergency fund. According to personal-finance guru Suze Orman, “With a Roth IRA, you can withdraw your original contributions any time you want. That's regardless of age or how long that money has been in there, and without taxes or a penalty. If you need money, the best place to get it if you have an emergency would be from a Roth IRA if you have no other money. If there's extra money, you can set up a separate emergency fund. But if you only have a limited amount of money, why not just set up a Roth IRA?” |
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