menu
Posted by
Message
foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
32127 posts

re: Emergency Fund

quote:

Do $5k for 2012, $5k for 2013. You can do both now. Stick the rest in a brokerage account for the time being in the same type of etfs/funds.


This.


Replies (0)
Replies (0)
ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7689 posts

re: Emergency Fund
I keep 50k in my kids name in a local bank earning 2% a year. I'd start there.


Replies (0)
Replies (0)
CoolHand
USA Fan
Member since Dec 2011
1482 posts

re: Emergency Fund
quote:

Do $5k for 2012, $5k for 2013. You can do both now. Stick the rest in a brokerage account for the time being in the same type of etfs/funds.


Yep, and if you are married, you could effectively double that to a total of $20k into a Roth.


Replies (0)
Replies (0)
Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27225 posts

re: Emergency Fund
CD's suck, they always suck. They give a crappy return with too many restrictions.

An emergency fund should be relatively liquid and safe, CD's are only safe.

You can still find Money Markets that beat 1%, but an emergency fund isn't an investment, it's insurance.


Replies (0)
Replies (0)
first pageprev pagePage 2 of 2next pagelast page
refresh

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram