For a while now standard financial planning advice has been that you need emergency savings that would cover 6-12 months of expenses. And of course, all financial experts stress the importance of starting to save for retirement as soon as possible. If you are trying to decide whether to concentrate on building up your emergency savings or increase retirement savings, there may be away for you to do both.
The Seattle Times discusses how you can “use a Roth individual retirement account to kill two birds with one stone, because both an emergency fund and retirement savings are critical.”
Putting …Read More