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Have a ROTH IRA question.
I've been maxing my ROTH for a few years now but after numerous large house projects needing to be completed in the past few years (new roof, new AC units and this year a pool remodel) all which were paid for in cash, I am going to be a few $k short on maxing my ROTH while I build our emergency savings back.
However, a post about someone contributing to a ROTH for 15 years and not realizing they needed to actually pick funds with their contribution, while it simply say in a money market account got me thinking (Wow, that's bad understanding!!!).
ROTH contributions can be withdrawn at any time right? So why can't I take the few thousand I'm missing to max this year and just put it in the money market account part of the ROTH and treat it like liquid savings? If I end up needing it, can I choose these funds in the money market account to withdraw or is it required I sell an investment to withdraw? Does anyone know how withdrawing funds from a ROTH works as far as choosing where that money comes from in the account?
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