I like the idea of maxing it for this year. Think about changing your automatic Roth investment to $270 every two weeks.
An emergency fund is a good thing to have. If truly needed you could withdraw contributions to your Roth in an emergency. But if you don't put them back in within 60 days you will permanently lose out in the Roth.
I would have maxed a Roth at your age, but there was no such thing yet, so I maxed a traditional IRA every year except when I was not eligible to take the deduction.
An emergency fund is a good thing to have. If truly needed you could withdraw contributions to your Roth in an emergency. But if you don't put them back in within 60 days you will permanently lose out in the Roth.
I would have maxed a Roth at your age, but there was no such thing yet, so I maxed a traditional IRA every year except when I was not eligible to take the deduction.
Statistics: Posted by Uniballer — Mon Jul 22, 2024 4:10 pm