Early Retirement & Financial Independence Community - View Single Post - Using your Roth as part of your emergency fund--good idea?

Deetso · 05-15-2007, 04:25 PM

I almost posted something similar in the "do you count your emergency fund in you AA" post. I do this now and so far it seems to be working- but only because I havent had any emergencies to deal with. I started doing it when two years ago I wasnt going to be able to fill my Roth by tax day. I decided to take it out of savings. Then a year ago I filled my Roth early, with my emergency fund, instead of saving it up until the last minute. That seems to be giving me time to fill up my savings again- but I think I might just be filling up my Roth on 1/1/08 mostly out of my emergency fund again next year...

Im interested to see the responses to the OP.

05-15-2007, 04:25 PM	#2
Deetso Recycles dryer sheets Join Date: Dec 2006 Posts: 82	I almost posted something similar in the "do you count your emergency fund in you AA" post. I do this now and so far it seems to be working- but only because I havent had any emergencies to deal with. I started doing it when two years ago I wasnt going to be able to fill my Roth by tax day. I decided to take it out of savings. Then a year ago I filled my Roth early, with my emergency fund, instead of saving it up until the last minute. That seems to be giving me time to fill up my savings again- but I think I might just be filling up my Roth on 1/1/08 mostly out of my emergency fund again next year... Im interested to see the responses to the OP.