Emergency Fund - 1/5/13 | Page 2 | TigerDroppings.com
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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31924 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.


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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7608 posts

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


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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.


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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 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.


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