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How to Use Your Roth IRA as an Emergency Fund Just don’t make it your only emergency fund
KEY TAKEAWAYS Because you can withdraw contributed sums at any time without taxes or penalties, a Roth IRA can double as an emergency savings account. Roth funds should only be withdrawn as a last resort. When withdrawing funds, be sure to limit the sum to your contributions; don't dip into earnings, or you will be penalized. You can redeposit withdrawals from a Roth, preferably within 60 days—or at the latest, before the tax filing deadline for that year. No matter how much you withdraw, you can only redeposit a sum up to the current
