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Feb 21, 2018
10:01
:13
am
Biyamiti
All-American
I subscribe to this theory as well
As you build up emergency funds take less risk, but as your fund grows, you can afford to layer in risk to grow your money instead of losing vs inflation.
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Biyamiti
Previous username
skywalker251
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Biyamiti
Joined
Mar 1, 2006
Last login
Apr 19, 2024
Total posts
7,145 (49 FO)
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Messages
Author
Time
Savings vs money market accounts for rainy day fund.
diluigifan
2/21/18 8:52am
Following to learn as well.
ChiCityCoug
2/21/18 8:55am
We use Marcus.com Cit bank has competitive "high yield" savings rates as well
BlueFamily
2/21/18 9:01am
A couple ideas:
TheLoneCougar
2/21/18 9:02am
Interesting. I had never thought of using my ROTH for an emergency fund. I
diluigifan
2/21/18 9:09am
There is a lot of counter-culture investing, retirement, and
TheLoneCougar
2/21/18 9:48am
Another alternative strategy for the rainy day fund
Biyamiti
2/21/18 9:49am
can use Roth contributions/earninings if an extablished Roth for 5 years
TPcoug
2/21/18 9:13am
Deleted. Above post was edited.
RdF3
2/21/18 9:30am
How is it not true?
TPcoug
2/21/18 9:47am
Because it isn't true.
RdF3
2/21/18 10:02am
It is true in one instance
Sweatybluefeet
2/21/18 10:22am
And he's also right about the account
Sweatybluefeet
2/21/18 10:24am
lol no it isn't. I could open a Roth IRA today, contribute to it, and then
RdF3
2/21/18 10:30am
<< Deleted >>
Sweatybluefeet
2/21/18 10:31am
The article states exactly what I'm saying. You are not reading it correctly.
RdF3
2/21/18 10:32am
?
Sweatybluefeet
2/21/18 10:35am
They're referring to the 5 year clock on earnings withdrawals there.
RdF3
2/21/18 10:38am
You're right. Thanks for the clarification.
Sweatybluefeet
2/21/18 10:46am
<< Deleted >>
Sweatybluefeet
2/21/18 10:33am
Then I would consider thinking twice about investing with vanguard
RdF3
2/21/18 10:36am
Yep it's on earnings. I misunderstood.
Sweatybluefeet
2/21/18 10:45am
Yes, there's a 5 rule on conversions. That's an entirely different topic than
RdF3
2/21/18 10:24am
I understand
Sweatybluefeet
2/21/18 10:36am
simple mis-representation of the facts.
TPcoug
2/21/18 10:47am
<< Deleted >>
TheLoneCougar
2/21/18 9:45am
here is something to consider:
molodyets
2/21/18 9:36am
I subscribe to this theory as well
Biyamiti
2/21/18 10:01am
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