#downside

Is there a downside to using a Roth IRA as an emergency savings account?

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Is there a downside to using a Roth IRA as an emergency savings account? I know the typical advice is to save 6 months worth of expenses in a savings account in case of emergencies. But im wondering, why not park that money in your Roth IRA & take it out in case of said emergency? Obviously Im talking about only taking out the principal amount, not the interest it accrues. As far as Ive read, there is no penalty or t…

Reddit Personal Finance 601 2025-01-03

Downside to using only first half of roundtrip ticket?

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Downside to using only first half of roundtrip ticket? I need to book a one way flight for Paris/CDG to the states through Delta. Oddly, the cost of a one way ticket is about $1700 while a round trip ticket to CDG is only $800. Is there any downside to booking the round trip but only using the first half of the ticket? submitted by /u/FigDifficult1187

Reddit Travel 852 2024-12-16

Downside to moving 401k from Fidelity to Empower?

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Downside to moving 401k from Fidelity to Empower? I have a 401k from an old employer with Fidelity that’s all in a Fidelity target date fund. Company I’ve been with for the last 2 years uses Empower. Would like to have all my retirement in one place if possible. Would Empower allow a Fidelity target date fund? Or would it have to be some sort of sale in order for me to accomplish this? subm…

Reddit Personal Finance 638 2024-12-15

Is there any downside to this 401k setup?

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Is there any downside to this 401k setup? My 401k is with Principal, my worked switched to them at the beginning of 2023 so my 401k transferred from Wells Fargo to them. I’ve been contributing since I was 30 and I’m 38 now. I had some financial struggles these last few years, but things are getting better now. I’ve only been contributing 6% to make sure I get my works full match. Princ…

Reddit Personal Finance 707 2024-11-09

Is there any downside to using filter adapters?

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Is there any downside to using filter adapters? Hello everyone, I’m planning to buy some filters for my photography (CPL and ND, mostly), but most of my lenses have different filter sizes and it would be pricey to buy one for each of them. So I thought it would be smarter to buy just one, the biggest filter size, and then get adapters for the lenses with smaller filter sizes (I can get those …

Ask Photography 847 2024-07-15

The downside of digital

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The downside of digital Digital music has killed the aesthetics of albums by way of “tracks”. Sometimes there is a song that has another song that proceeds it and is what makes it a full track i.e( Led Zepplins, Heartbreaker/ Livin Lovin Maid) but the digital age ruined that since it breaks it up into one track. When you hear that song (Heartbreaker) you fully expect t…

Reddit Music 451 2023-10-13

Any downside to getting appraisal to remove PMI?

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Any downside to getting appraisal to remove PMI? Hello! My wife and I purchased our dream home in 2021. Unfortunately we had to get PMI due to not having a large enough down payment. The bank requires at least 2 years of PMI, and now our house has an estimated value high enough to push us over the 25% ownership requirement to remove it. We need to have the banks appraiser come out to do their…

Reddit Personal Finance 308 2023-08-22