Joseph, 65, at peak earnings, in 35% tax bracket, needs $30k for home project. Considering Roth IRA withdrawal to avoid capital gains tax. Advised to consult tax professional for best strategy. Roth IRAs meant for tax-free retirement income, not general funds. Consider long-term implications before withdrawal.

Consider taxable withdrawal from brokerage account if not at top tax bracket. Review holdings for tax-loss harvesting. Gifting appreciated securities to charity could also reduce tax burden. Tax professionals can help with tax strategies and optimal results. Financial advisor matching available for additional help.

Taxes should be considered for withdrawal sequence. Roth IRA meant for retirement income, not general funds. Withdrawing before retirement reduces Roth IRA’s value. Allow $30k in Roth IRA to grow tax-free for more valuable savings in retirement. Seek professional advice for managing retirement accounts.

Maintain emergency fund for unexpected expenses. Emergency fund should be liquid for quick access. Compare savings accounts for high-interest and compound interest. Financial advisors can use SmartAsset AMP for lead generation and marketing automation. Email questions to Loraine Montanye for personal finance advice.

Read more at Yahoo Finance: I’m 65 and Still Working. Is It Smart to Tap My Roth IRA for a $30k Home Upgrade?