1804: What Comes First: Saving, Investing, or Paying off Debt by Erik Carter with Financial Finesse on Money Strategies
Optimal Finance Daily - Financial Independence and Money Advice
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How to Maximize Retirement Savings
If you withdraw any earnings before age 59 and a half and having the account open for at least five years, they could be subject to taxes plus a ten % penalty. The advantage is that whatever you don't withdraw can grow to be taxe free for retirement. This way, your killing two birds with one stone. Just be sure to keep the roth ira somewhere safe and accessible until you've accumulated sufficient emergency savings elsewhere.
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