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re: Best strategy for emergency fund savings?
Posted on 5/9/15 at 10:17 am to Croacka
Posted on 5/9/15 at 10:17 am to Croacka
quote:
You already maxing a roth?
I would put it in there
This.
Same as a savings acct except you can invest the money into low risk mutual funds or the like. Gains on it are tax free if you make qualified withdrawals later in life. Plus you can withdraw the contribution portion at any time, tax and penalty free.
It's essentially a savings account with options to invest.
Only downside I see, is that it is not readily as liquid as a savings account.
This post was edited on 5/9/15 at 10:18 am
0
Posted on 9/9/23 at 7:19 am to UGATiger26
Milli Bank now has a savings account rate of 5.25%
Posted on 9/9/23 at 3:59 pm to Hayekian serf
Timely advice on an 8 YEAR OLD POST.
Posted on 9/9/23 at 5:18 pm to UGATiger26
yes any MMF. mine with vanguard pays over 5% right now.
this is not a MMA.
this is not a MMA.
This post was edited on 9/9/23 at 6:19 pm
Posted on 9/9/23 at 5:53 pm to ItzMe1972
Real question is what is the 8 years of interest worth now?
Posted on 9/9/23 at 6:18 pm to Hayekian serf
8 year old bump HFS! 
Posted on 9/10/23 at 9:55 am to Fat Bastard
Lotta shite changed in 8.5 years. I hope you’re rich by now
Posted on 9/10/23 at 10:05 am to UGATiger26
Maybe we can find op to chime in. Would be cool to see the progress.
Posted on 9/11/23 at 8:27 am to UGATiger26
VMFXX-Vanguard Money Market Fund pays 5.27% presently.
Posted on 9/11/23 at 8:33 am to RedlandsTiger
quote:
VMFXX-Vanguard Money Market Fund pays 5.27% presently.
i have that plus this one
in other accounts
SWVXX currently @ 5.23%
Posted on 9/11/23 at 8:46 am to Meauxjeaux
quote:
Maybe we can find op to chime in. Would be cool to see the progress
OP piled his emergency fund into market indexes and then got smashed in 2020.
Posted on 9/11/23 at 8:49 am to SquatchDawg
I use a mix of high yield savings, ibonds, money market, and VTSAX. I figure anything outside of retirement accounts qualifies as an emergency fund.
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