$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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I believe 5K is the max you can contribute to an IRA so put 5 K in the ROTH and the other 5 K in a high yield savings
Ally has a Money Market Savings Account at 0.95% interest I'm sure you could...
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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14 Replies
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How much other cash do you have on hand besides this $10k your talking about here?
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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14 Replies
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Honestly I think 10k is the minimum liquid cash a family should have. Emergencies can happen fast. After 10k though then I think its fair to start looking into other savings options besides cash.
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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I'd love to find a high yield savings, but the best that I find are around 1%. That's not a very high yield.
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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http://advantiscu.org
Again, it's local, so unless you live near Portland Oregon, you can't open an account with them (as most CU's are local only or have some kind of membership requirements).
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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You're right - it is fairly liquid. A Roth IRA is a great place to keep your rainy day fund.
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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Check your local credit unions. Just go to Google Maps, search your area for credit unions, and visit their websites. A local one here in Oregon gives 3% back on their CHECKING account. It was...
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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Mind if I ask which CU? My CU is currently 2.02% up to 10k, which I had been taking advantage of until I locked up the majority of my funds in a short term business deal and will be putting back...
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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14 Replies
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Just make sure you do a ROTH savings IRA, if this is your only cash, you don't want to risk losing it.
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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14 Replies
1,462 Views
Buy 5 oz of gold and put the rest in silver.
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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14 Replies
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I would drop it into the ROTH, and keep building up your emergency fund. You don't need to do the whole $5k now, you could put in enough to open an account and get it set up, and then see where you...
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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Im single, 28 year old, and from what I understand a Roth is fairly liquid if i can withdrawal the principal.
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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14 Replies
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I have $10,000 in savings for "emergency funds." It is earning about .02% interest...Should I consider putting it (half for now) in a roth IRA to earn more interest? I am new to this but from what...
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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14 Replies
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None, no debt but other than that there is nothing else liquid.
$10,000 in Savings-Should I put half in Roth IRA?
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Thread created 10-15-2012 by SlickDilla
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14 Replies
1,462 Views
It depends on the degree of liquidity you desire (although you could direct your roth funds into something that can be cashed out quickly in the event of an emergency). Keep in mind that although...
