Where to keep our emergency fund? ($50k)

[Anonymous]

I can keep it for you.

[Anonymous]

Ally's 5 year CDs have the best rates right now, and you can break them with only a 60 day interest penalty. I'd also look at throwing 10 or 20k into Ibonds. You can't touch it for 12 months, but it's guaranteed to keep up with inflation.

[Anonymous]

Money market fund.

[Anonymous]

Anonymous wrote:$50k is a lot as emergency fund. who's your financial adviser?

No it's not. Ours is $100,000. It's supposed to cover at least 8 months of expenses.

[Anonymous]

Anonymous wrote:There's a big hayfield up near Buxton. You know where Buxton is? There's one hayfield in particular.It's got a long rock wall with a big oak tree at the north end. It's like something out of a Robert Frost poem. .. find that spot.

At the base of that wall, you'll find a rock that has no earthly business in a Maine hayfield. Piece of black, volcanic glass. Bury your emergency fund under that.

Lol!