What To Do When Your Emergency Fund Runs Out (Forbes)

November 2, 2022

Financial advisor Travis Gatzemeier of Kinetix Financial Planning says that, once spending has been cut to the bone, you can consider taking money from a Roth IRA if you have one.

“A Roth IRA can be used as a second layer emergency fund since contributions can be distributed tax and penalty-free,” he says.

“It's not ideal to distribute money from an account earmarked for your future, but it might be a better option than taking on high interest loans or credit card debt.”

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