A listener wants to know if it is better to put a lump sum into his Roth IRA at the beginning or end of the year. Art shares his thoughts, not just about Roth IRAs, but emergency funds as well.
Notes:
1. Your emergency fund should be a relatively stagnant number.
2. Removing money from your emergency fund should be for emergency purposes only.
3. We recommend putting 15% of your gross income toward retirement every time you get paid.
4. If you have a lump sum, it is usually best to invest at one time instead of spreading it out.
