This means that it can be difficult to immediately access your funds in the
event of a true emergency, which would not be good.
Kids who have grown up with technology often forget that in
times of true emergency, electronics aren't always available.
Therefore, deferment and forbearance options should only be used during
periods of true emergency, and are not a permanent solution to your student loan debt.
The truth is, your emergency fund should be big enough to exactly cover the
cost of true emergencies in your life, but no bigger.
Warrantless wiretaps, we argued, should be used only as a last resort tool in
situations of true emergency, consent should be obtained where feasible, and each case should be subject to after - the - fact judicial oversight.
If you decide to go this route, I'd recommend that you keep at least a portion of your emergency savings in a savings account linked to your checking account (like $ 1,000) so that you have it in
case of a true emergency.
Therefore, while I can't go so far as to suggest that you bag the idea of building up cash savings in lieu of a Roth, I'm comfortable with you splitting your forces and dipping into your Roth IRA in the case
of a true emergency.
Keep in mind, though, that this money should be earmarked for your future retirement and should only be used as a last resort in case
of a true emergency.