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re: What is the standard method for figuring out how much to keep in savings?

Posted on 5/10/13 at 2:18 pm to
Posted by dewster
Chicago
Member since Aug 2006
25395 posts
Posted on 5/10/13 at 2:18 pm to
quote:

I think keeping a month or two liquid and readily assessible is ideal, then you start putting money aside in either a Roth or careful selections in a taxable account (to minimize taxes).


I'm young and stupid, but I think that's good advice. If you need, you can get to your cash usually within a week. If something catastrophic happens you can raid your Roth if you have no other choice.
This post was edited on 5/10/13 at 2:21 pm
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