Can A Roth IRA Be Your Emergency Fund?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 9 May 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Does it make sense to use money from your Roth IRA as an emergency fund? We'll walk you through that question and more in today's Q&A episode! Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:07.0	investing, taxing.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:15.3	Okay, guys, you know one of our favorite things and we have a special treat today.
0:20.0	Since I don't have bow and bow, I don't know because I don't see the chat.
0:23.8	Bow is always the one that keeps us posted on the chat.
0:26.4	Bow is actually at Disney World right now with the family.
0:30.2	I should have probably put a picture up to showing the crying kids because bow, first time
0:35.9	at Disney World with the kids, he decides, you know what we're going to do?
0:39.1	We're going to throw him on space mountain.
0:41.3	So through his kids right into the deep end and you can imagine there's hilarity ensued
0:46.6	from that.
0:47.6	But here's where the special treat is since bow is not out here today.
0:52.1	We have FTE Daniel is going to be throwing the questions out to me today.
0:58.0	So Daniel, welcome to the money guy show, your camera debut today.
1:01.9	Yeah, Brian, I'm super excited to be here today.
1:04.9	We've got some great questions coming into the chat.
1:08.4	I'm not, I think people still think bows here, but hopefully we can get some good questions
1:12.7	still.
1:13.7	So our first one is from Chris Clark.
1:17.6	He says, hi, I'm 23 years old and I'm currently making $60,000.
	...

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