Retirement Fund vs. Home Upgrade
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Roth IRA TipsSmartAsset
•Business
Business & Economics
Is It Wise to Use My Roth IRA for a Home Renovations at 65 Since I'm Still Working?
72% Informative
Using Roth IRA withdrawals can be a good way to effectively fund tax-free renovations, but it can cost you a lot in the long run.
As a high-earner, it may be most effective to pay for renovations out of pocket.
Every year that you leave this money invested it will continue to grow, earning more and more money for when you retire.
SmartAsset ’s free tool matches you with up to three vetted financial advisors.
An emergency fund should be liquid -- in an account that isn't at risk of fluctuation like the stock market.
A high-interest account allows you to earn compound interest.
SmartAsset AMP helps advisors connect with leads and offers marketing automation solutions.
VR Score
62
Informative language
52
Neutral language
63
Article tone
informal
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English
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35
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Hate speech
not hateful
Attention-grabbing headline
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Known propaganda techniques
not detected
Time-value
long-living
External references
6
Source diversity
3
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