Quote:
Originally Posted by Snave
Let me throw a wrench into this and I would like your thoughts. Let's say it was closing in on the time allowed to contribute for 2008 and this same scenario was thrown out. So, by taking out money on the HELOC, you could make your 2008 contribution knowing that you could pay back the HELOC in a short time period (it looks like he said he could do it in a few months), but NEVER get the opportunity to invest in a ROTH for 2008 again. Does that change things? That is many years of tax free earning that you might not otherwise get back. Just a thought.
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I would do it. As you say, you can never make up for missed Roth contributions. In fact, the more I think about, the more inclined I am to say to go ahead and do it in the original scenario.
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Steve
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