Should I use my emergency fund or an inherited IRA to buy a car?

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  • #98712 Reply
    Alicia

      Wait til January if you can… take the RMD for this year, and then take Januarys, combine them to pay for the car.

      Or finance knowing you can make another substantial payment on it when 2025 comes around.

      #98713 Reply
      Alicia

        Wait til January if you can… take the RMD for this year, and then take Januarys, combine them to pay for the car.

        Or finance knowing you can make another substantial payment on it when 2025 comes around.

        #98714 Reply
        Tara

          What markets are down? We were up over 1 1/2% today and are near all time highs.

          #98715 Reply
          Scott

            The markets are down?!? Unless you didn’t know you needed a new car, it really doesn’t qualify as an emergency.

            Since the markets are near record highs and you have to liquidate all of your Ira within the next 10 yrs anyway, I would sell some dogs with your winners and use your Ira money

            #98716 Reply
            Neka

              All money have a purpose. If you had no use or no purpose for the IRA then create a purpose and use it for just that.

              I don’t think the market has bearing on this decision

              #98717 Reply
              Mark

                What the market is doing should have zero bearing on ur decision

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              Reply To: Reply #98712 in Should I use my emergency fund or an inherited IRA to buy a car?
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