ThePurchaser
New member
I am 25 years old. I have $52,000 in a money market account (1.1% interest rate), and $17,000 in a Roth IRA (1.5% interest rate). I am thinking about setting $10,000 of the 52K aside for an emergency fund. Also, I feel like I am loosing money in the long term with the $17,000 in the 1.5% Roth IRA. I'm not sure if the rate is so low because of the economy, or if it is a bad investment in general. It seems like I'll lose money by the time in 59 1/2 with that rate. So my questions are is 10K enough for an emergency fund, and is there a better route to take with my IRA? Thanks