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

old woman · 05-21-2007, 01:08 AM

I keep in mind I could tap my ROTH if I had to, I could also tap my HELOC. I don't even have an emergency fund. I never have emergencies. I have a 2-3K in checking most of it at 4.25% but I plan to use that maybe to pay for this year's ROTH.
I can handle little things like a broken appliance or car repair put it on Discover and pay for it in about 45 days without interest, to me that isn't an emergency it just is spending.
I can live on unemployment if I have to or sell some taxable investments or ROTH and if I lose my job I am 59 so being over 55 I could draw on my 401K.

05-21-2007, 01:08 AM	#15
old woman Recycles dryer sheets Join Date: Dec 2005 Posts: 289	I keep in mind I could tap my ROTH if I had to, I could also tap my HELOC. I don't even have an emergency fund. I never have emergencies. I have a 2-3K in checking most of it at 4.25% but I plan to use that maybe to pay for this year's ROTH. I can handle little things like a broken appliance or car repair put it on Discover and pay for it in about 45 days without interest, to me that isn't an emergency it just is spending. I can live on unemployment if I have to or sell some taxable investments or ROTH and if I lose my job I am 59 so being over 55 I could draw on my 401K.