Do You Still Need an Emergency Fund as You Get Older?
From the Kiplinger Magazine website
In January, I started contributing the maximum to my retirement accounts, to the tune of $24,000 a year to my 401(k), including the catch-up contribution for people 50 and older, and $6,500 to my Roth IRA, including the catch-up. With only so much money to go around, I’ve had to skimp on putting money into my emergency fund, which is in a savings account earning squat anyway. But lately, I’ve wondered: Why do I need an emergency fund at all?


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