Reported 2 days ago
Roth IRAs offer tax advantages but are not ideal as emergency funds. While they can grow tax-free, accessing funds before age 59½ incurs penalties, making them risky for emergencies. Roth IRAs and emergency savings accounts serve different purposes, with the former focusing on growth and the latter providing immediate access to funds. It's crucial to recognize their distinct roles and not conflate them.
Source: YAHOO