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When and How to Start IRA Withdrawals

April 24, 2011 by Justin

Hopefully, when you went to open an IRA, you did so with the intention of using it for long term retirement needs. The IRA concept is ideally suited for retirement savings and any withdrawals prior to retirement will diminish your long term plans. However, even if you do use an IRA for retirement, emergencies do […]

Filed Under: Roth IRAs Tagged With: IRA, IRA Withdrawal, roth ira, Traditional IRAs

Using a Roth IRA as Your Emergency Fund

April 24, 2011 by Justin

Opening a Roth IRA account is recommended for just about anyone who fits within the rules and who can afford to make a contribution. You can put in up to $5,000 per year ($6,000 if over age 50) of after tax dollars, and when you retire, start withdrawing all of the money in the account […]

Filed Under: Roth IRAs Tagged With: IRA Withdrawal, roth ira, Roth IRA Rules

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