How much LIQUID savings do you have?

[Anonymous]

Retired, and have close to $500k in non-retirement investments. In the 5 years prior to retirement, income was $325k, but prior to that, closer to $250

[Anonymous]

A lot

[Anonymous]

I keep $100k in a short term CD as an emergency fund that I could liquidate for a small penalty. The next time it matures I’m thinking of breaking it up into two CD’s so if I need to liquidate the penalty will be less.

51, HHI of $128k (a fed), no debt due to inheritance. NW of approximately $3 million.

[Anonymous]

2.5 mils and all our rental properties worth around 1mil can be liquidated as well.

Our retirements and 529are not much because we just moved to this country around 30s years old and didn’t better about retirement accounts (401/491 Roth 529 etc. )

[Anonymous]

HHI is $10k.
Can take out $400k in two days with little to no taxes and definitely no tax penalty.

[Anonymous]

Anonymous wrote:2.5 mils and all our rental properties worth around 1mil can be liquidated as well.

Our retirements and 529are not much because we just moved to this country around 30s years old and didn’t better about retirement accounts (401/491 Roth 529 etc. )

Why do you have so much money in cash? Wouldn’t it be better to invest most of it?

[Anonymous]

$80,000 in savings account that I can withdraw, any time, any amount, without penalty.

[Anonymous]

65k in hysa (emergency fund)

550k in various non retirement investment accounts. Could liquidate but prefer not to because cap gains tax etc.

340k hhi

[Anonymous]

I think people are getting confused by the “tax penalty” comment. I could have access to all my brokerage funds in a couple of days, but I’d have to pay gains on them. Is that a “penalty”? I only think of penalties in terms of dipping into your 401k early.

We are ~$400k annual salary and have ~$80k in a high yield savings account for emergency purposes.

[Anonymous]

HHI @450k; liquid @$250k. Mid 50s. One retired, one still working.

[Anonymous]

Anonymous wrote:I think people are getting confused by the “tax penalty” comment. I could have access to all my brokerage funds in a couple of days, but I’d have to pay gains on them. Is that a “penalty”? I only think of penalties in terms of dipping into your 401k early.

We are ~$400k annual salary and have ~$80k in a high yield savings account for emergency purposes.

+1 on the penalty, I was the pp with 1.2m in brokerage and 800k Hhi. We defer a ton of our income in deferred comp plan plus 401k and mega back door Roth. We sell our RSU vests for living expenses and vacations sometimes immediately after vest and sometimes after 1year long term gains. Either ways RSU vests in our brokerage accounts and between the two of us, we have RSU vests every 2 months. So we sell as what we need. I aim to keep 20k in savings bank account. Nothing in HYSA. I figure in a true emergency we have insurance, can sell brokerage, credit card cash advance. It’s a risk we are willing to take and hope it never materialises.

[Anonymous]

Btw, equities, bonds and cash in non retirement account is considered liquid as far as I am concerned

[Anonymous]

Anonymous wrote:2.5 mils and all our rental properties worth around 1mil can be liquidated as well.

Our retirements and 529are not much because we just moved to this country around 30s years old and didn’t better about retirement accounts (401/491 Roth 529 etc. )

Real estate is the definition of illiquid.

[Anonymous]

Anonymous wrote:The OP asks for cash but the responses include equities and total brokerage accounts (which are typically invested in not only money market accounts).

Pp at 23:32.

I only included liquid—I did not investments.

[Anonymous]

Age: 43/42
HHI: 800k
Taxable Investments + Cash: $1.6m
Retirement: $2.3m
529s: $500k
Home Equity: ~1m