Quote:
Originally Posted by Buehler445
Preface: I’ve never done it so I might be full of shit.
I think what you have to do is sell a fund so it goes into the money market or whatever idle account, and then ACH it to your checking account.
I wouldn’t do it though.
If you take funds out and it moves up 10% over the year while, you won’t be participating in that portion. Whereas if the run up starts now, you’d miss out on quite a bit. If you’re talking about 6 months, it probably doesn’t matter.
I wouldn’t pull it out until you needed the money that isn’t in your emergency account.
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I'm just trying to avoid the fact that you can't go back and add money later to a ROTH for years you didn't max it. If I put it in, even to sit in a money market account, in case I need access to it this year in a worse case scenario, it also leaves open the fact that I may not need it this year and then can invest it as needed for the next few decades.
So while my emergency fund needs built back a bit to my normal level, I feel like not maxing my ROTH this year is a bad idea just to put my emergency fund where I want it, even though I can withdraw on a ROTH if needed almost like an emergency fund.
I hope I'm making sense.