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Roth IRA as an Emergency Fund

Friday, April 30, 2010 - 1:03 PM
Since the money that you contribute to a Roth IRA is after tax, you can withdraw your Roth contributions without an IRS tax or penalty. The interest, dividends and capital gain, however, are subject to tax and potential 10% IRS penalty. This Bankrate.com article has several important details on this emergency fund strategy.
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Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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