Don’t Be Your Nest Egg’s Biggest Enemy: Plan for the Unexpected
Many of the biggest risks your retirement accounts face are unavoidable and often unforeseeable. Whether you’re dealing with a big expense, such as a medical crisis or a prolonged disability that prevents you from saving, or smaller things, such as unexpected car or home repairs, building and maintaining an emergency fund is a key part of keeping your retirement nest egg intact.
Filling Your Rainy-Day Fund
It’s easy to let the day-to-day bills and the things we need or merely want to buy right away take priority over building savings. We don’t like thinking that bad things can happen, so it can be hard to admit that we might need cash for an emergency. But the fact is, liquid ...