savings

Emergency Fund Tips You Should Follow and Why?

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Whats a good amount of money to have in an emergency fund?

Building an Emergency Fund Following an emergency fund tips is a crucial financial strategy that offers a safety net during unexpected life events. By setting aside a portion of income into a dedicated fund, individuals can mitigate the impact of sudden expenses like medical bills or job loss. This financial cushion not only provides peace … Read more

“I’m 61, recently laid off, with $550,000 in savings and no mortgage. Can I still retire?”

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"I'm 61, recently laid off, with $550,000 in savings and no mortgage. Can I still retire?"

“[I] I just turned 61 and of course I got fired…so I think it’s time to put a hat on the work ring,” he says. He and his wife have his $350,000 in a personal retirement account, plus he has a $200,000 certificate of deposit and an emergency fund. They have paid off their mortgage, … Read more