Ultimate magazine theme for WordPress.
BTC
$40,470.78
+2.62%
ETH
$2,779.41
+2.47%
LTC
$144.97
+2.98%
DASH
$163.78
+0.4%
XMR
$254.67
+3.44%
NXT
$0.01
+2.62%
ETC
$51.58
+1.62%
DOGE
$0.20
-0.4%
ZEC
$117.99
+0.26%
BTS
$0.05
+3.2%
DGB
$0.05
+1.99%
XRP
$0.73
+0.34%
BTCD
$101.66
+2.62%
PPC
$0.89
+0.65%
CRAIG
$0.01
+2.62%
XBS
$3.15
+2.01%
XPY
$0.01
+9.8%
PRC
$0.00
0%
YBC
$2,800.98
0%
DANK
$0.01
+2.62%

Can you tap into those funds in case of an emergency?

0

If the coronavirus pandemic has taught us anything, it is important to have money available at all times. That way, if you lose your job or run into an unplanned expense that your salary can’t handle, you can dive into your cash reserves and avoid borrowing. You can also avoid a scenario where you feel compelled to liquidate investments and lose on additional growth, or worse, conclude a permanent loss when the need for money arises.

As a general rule, it would be good to keep the cost of living for about three to six months hidden for emergencies. And you will often hear that you need to keep that money in a savings account.

But that is a problem. Given what savings accounts they pay with interest today, leaving so much cash in them could mean denying yourself much more generous returns. And if that doesn’t work for you, you might be thinking about finding another home for your emergency fund, like the Roth IRA.

Leave A Reply

Your email address will not be published.