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Keener Financial Planning is a Fee only Certified Financial Planner in Dallas, Ft. Worth, and Keller, TX. Call us to schedule today at (817) 993-0401.

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Quoted on BankRate about Roth IRAs and emergency funds

April 30, 2010 by Jean Keener, CFP®, CRPC™

When you’re juggling creating an emergency fund and saving for retirement, it’s important to be aware of your options.   BankRate.com reporter Teri Cettina recently interviewed me about using a Roth IRA as a back-up to your primary emergency fund.  A Roth IRA should not be your primary emergency fund, but it can provide a useful supplement  that can help you work toward both retirement and emergency fund goals simultaneously.  You need to understand the pros and cons of the strategy and make sure it really makes sense for you.  Also be aware that Roth contributions are not treated the same as funds converted to a Roth.  You can see Teri’s full article on BankRate.com.

Filed Under: Budgeting and Saving, News, Our Advice in the News, Retirement, Your Finances Tagged With: emergency fund, Roth IRA, saving for retirement

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