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Seattle Times letters to the editor

Topic: IRA

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July 31, 2014 at 8:11 AM

Social Security: Take as much as you can early on

DAVID MILLER / THE SEATTLE TIMES

Corrected version

Writers like John F. Wasik get it all wrong because they never take into account the total amount accrued from Social Security ["Social Security at 62? Let’s run the numbers," Business/Technology, July 26].  For practical people like me, how much I get out of the system and the certainty of getting it is more important than a temporary comparison at a future point of time.

Let’s look at Wasik’s numbers. He says that if you take Social Security at 62, you may only get $1,000 a month, while at 70, that would be $1,320, a one-third increase in value.

But if you take Social Security at 62, over the next eight years, you would have

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Comments | More in Social Security | Topics: IRA, Medicare, Retirement

September 16, 2013 at 6:58 AM

Using a Roth IRA as a backup-emergency fund

Unwise Use a Roth IRA as both an emergency fund and retirement savings? [“Roth IRA can be a backup emergency fund,” Business, Sept. 8.] That is unwise. Folks who take that advice are likely to liquidate investments when the market is down to fix the car. That will lead to disappointment. Disappointment will lead to an abandoned…

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Comments | More in Business | Topics: emergency, funds, IRA