Quote:
Originally Posted by ThaVirus
You’ll pay a penalty for accessing your 401k or IRA prematurely, no?
Everyone’s situation is different but I don’t see a problem with having a few thousand in a HYSA just to be totally liquid in a pinch.
|
If you contribute to a Roth IRA, you can remove the contributions. If you put 5k in each year the last decade and it's grown to 80k. You can remove the 50k in contributions. You already paid taxes on it. You'll get hit for touching the gains but the contributions you can pull.