Ep 80: Emergency Cash Needs Change When You Retire
We all know that life throws curveballs—whether it’s an unexpected medical bill, a job loss, or a surprise home repair. But are you truly prepared? How much should you have set aside? Where should you keep that money so it’s accessible when you need it most? And how does your emergency fund change as you move through different stages of life?
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In this episode:
[1:53] Baseline needs for an emergency fund
[3:27] Where to keep basic emergency funds
[3:58] Do you have a second source of income?
[6:34] Additional emergency needs to business or rental expenses
[7:57] Plan for large lump sum purchases in next few years
[8:45] What about emergency savings in retirement?