LogFAQs > #893500764

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TopicITT: Investment hierarchy.
IdiotMachine
01/05/18 8:28:02 PM
#11:


Darkman124 posted...
the reason is an investment itself: time. if you lose your job, you don't want to be in a position where you have to consider a lower-paying job to ensure other assets won't need to be tampered with to make ends meet

That is true. The rule of thumb is expect a month of job searching for every $10k you want.

Speaking of tampering with investments to make ends meet, this is where Roth IRAs shine: you can pull out the money you put into it without any penalties.
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