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Updated almost 2 years ago on . Most recent reply

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Kyle Kline
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74
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Withdrawing Roth IRA contributions vs. HELOC

Kyle Kline
Posted

Does anybody have experience or advice in regards to withdrawing Roth IRA contributions in order to fund expenses for an investment? I do not have a deal lined up at this time, but am trying to plan for future investments and am debating between the concepts of withdrawing Roth contributions or utilizing a HELOC (or maybe both). Any thoughts are appreciated!

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Jeff Nash
  • Accountant
  • McKinney, TX
575
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389
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Jeff Nash
  • Accountant
  • McKinney, TX
Replied

I do not know your entire situation, but in most cases I would avoid tampering with any Roth account and use other means if possible. In the pecking order of things, a tax free account is the last type of account you would want to touch.  Let it continue to compound and grow if possible. Just my general opinion but there could be extenuating circumstances.  

  • Jeff Nash
  • [email protected]
  • 844-627-4829
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