Should I Stop Investing in a Roth IRA?

Accumulate cash with an IRA.

Efficient Saving for Retirement

Investing in your Roth IRA provides tax advantages not found in any other traditional retirement funds, as well as providing a tool for saving and investing money for retirement.

Lack of Liquidity

Investing in a Roth IRA requires that you forgo access to that money until you are 59.5 years old, at which time you can withdraw any amount of money at any time. You can also access limited amounts of the money to purchase a home or if you become disabled before reaching the retirement age. Therefore, except for specific, limited circumstances, you forgo access to that money for multiple years.

Bottom Line

If you have surplus income that you would like to stash away in a retirement account, the Roth IRA provides an excellent option and you should continue to invest in it. However, if you think you may need quick access to your money, then stopping investments in your Roth IRA is a good idea.

References

• "Roth to Riches: The Ordinary to Roth IRA Handbook"; John D. Bledsoe; 1998