Jammertime
Confused about dryer sheets
Hello, I’m just beginning to be intentional about investing for ER. My wife and I currently have close to 60k in retirement assets. She is currently out of work to care for new baby. We’re currently saving close to 20% on a single income.
I feel, however, as if I’m in the cusp of not having enough in my emergency fund and my income would be a stretch to max out a Roth for the year.
I’ve currently filled out 2019 contributions with a portion of our emergency fund in a money market account. Would it be a terrible idea to move another 6k of emergency fund to 2020 Roth while we build up enough cash reserves (1yr worth)?
Afterwards, convert one or both money market funds into our preferred stock mutual fund. Once we have enough on hand cash.
I just want to make sure I’m using all the space given to me.
Thanks
I feel, however, as if I’m in the cusp of not having enough in my emergency fund and my income would be a stretch to max out a Roth for the year.
I’ve currently filled out 2019 contributions with a portion of our emergency fund in a money market account. Would it be a terrible idea to move another 6k of emergency fund to 2020 Roth while we build up enough cash reserves (1yr worth)?
Afterwards, convert one or both money market funds into our preferred stock mutual fund. Once we have enough on hand cash.
I just want to make sure I’m using all the space given to me.
Thanks