Thread: Money Investing megathread extravaganza
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Old 02-20-2021, 06:43 AM   #7594
lewdog lewdog is offline
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Quote:
Originally Posted by ChiliConCarnage View Post
I assumed you had a Roth. You could do your trading in a Roth. Ive never done it but my understanding is you can always remove your contributions. So if you put in 6k and it grows to 10k, you can remove the 6k w/o penalty. You may want the extra 4k minus taxes for buying a house now. Just throwing it out there
Yes. A ROTH can be used just like this. Awesome advice. Because contributions can be removed without penalty, it can be treated like an extra savings account if needed. Not that you’d want to remove a ton of your contributions but it’s better than a loan against your 401k in a crunch.
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