I'm of the belief that retirement accounts are for retirement. They aren't for EFs. They aren't for home downpayments. They aren't for any other purpose. They are for retirement - period.
One other thing to keep in mind is that beginning in 2009, the Roth contribution limit will be indexed to inflation, rising in $500 increments, so 2008 is the last year it will be $5,000. Next year it will likely be at least $5,500 and rise annually from there.
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Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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