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Emergency savings doesn't thing Roth IRAs count

Dec 04, 2014 12:45PM EST

Prevailing wisdom these days, is that people should funnel/convert as much money as possible into Roth IRAs. And since contributions are post-tax and can be withdrawn penalty-free, these can serve as one's emergency fund too.

The scoring mechanism (for emergency funds) in HelloWallet says "N/A" for Roth IRAs :(

Best Answer

HelloWallet Support Answer

Dec 05, 2014 01:39PM EST
HelloWallet Support

Thanks for the suggestion! I’ll be sure to pass this along to our product team. We are always looking to update HelloWallet based on member feedback, so please let us know if you have any other questions or suggestions.

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