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Should You Tap Your Roth IRA, 401(k), or Money-Market Account for Big Home Repairs?
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401(k) withdrawals and loans should be used as a last resort due to the penalties and fees that can be associated with them.
Roth IRA: A Conditional Backup OptionUnlike a traditional IRA, which is funded with pre-tax contributions, a Roth IRA is funded with after‑tax dollars.
So if you, say, withdraw $30,000 from your Roth IRA for home repairs in 2026, the most you can deposit in your Roth IRA account is $7,500 or $8,600, depending on your age.
If you don't qualify for a hardship withdrawal, a 401(k) loan is typically a better option than a 401(k) withdrawal.
Finally, avoid viewing Roth IRA withdrawals as free.