How much LIQUID savings do you have?

[Anonymous]

I’m assuming that everyone with more than 50k in liquid savings has no debt other than mortgage?

[Anonymous]

This means stocks right? (I would have to pay taxes if I liquidated, but not a penalty) I have 600k in stocks, 180k in my savings account and 10k in checking. HHI 320k. We don’t have a mortgage so that does free up a lot of salary.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We only have about 10k liquid (cash in savings) right now.

The rest we have in house equity, 401ks, IRAs and stocks.

We both work and have a combined income of 250k. If one of use lost our jobs (not likely) we would stop paying extra on our 401ks and live more frugally like we did when this happened for 3-4 months during Covid.

We also have 3 paid off cars, fully funded 529s for two teens, and credit scores over 800. We also have credit cards that we could use, but it probably would not come to that.

We don’t have that much liquid because we’d rather earn more interest right now. We can always change that.

I’m always confused by what “fully funded 529” means. There’s no such thing, right? We have $500k for an 8 and a 10 year old, but I don’t consider that fully funded because I can keep adding to it and paying for education down the line.

I believe fully funded usually means some has saved as much as they want to/plan to save. That can mean differnet things to different people, but the point is that they arent saving more for college.

Right. I’d consider fully funded about 200k per kid. If college costs more we can easily just pay the rest with our regular salaries.

[Anonymous]

Anonymous wrote:This means stocks right? (I would have to pay taxes if I liquidated, but not a penalty) I have 600k in stocks, 180k in my savings account and 10k in checking. HHI 320k. We don’t have a mortgage so that does free up a lot of salary.

Pp here. I re read the thread and people want ages. We’re 38.

[Anonymous]

I have 12 times our monthly expenses in cash equivalents. The rest is in equities, real estate, or VC.

[Anonymous]

Why is everyone so perplexed by OP’s question? As I read it, it’s what non-taxable cash and cash equivalent assets do you have at your disposal? By definition, that would mean outside of a retirement account for anyone.

I know exactly what we have: $180,000. Almost all of that is sitting in a money market fund in our brokerage account. The only tax on it is tax on the interest. That’s unavoidable.

[Anonymous]

Anonymous wrote:Why is everyone so perplexed by OP’s question? As I read it, it’s what non-taxable cash and cash equivalent assets do you have at your disposal? By definition, that would mean outside of a retirement account for anyone.

I know exactly what we have: $180,000. Almost all of that is sitting in a money market fund in our brokerage account. The only tax on it is tax on the interest. That’s unavoidable.

That is many times higher than the national average. And it’s also nearly broke compared to the other posters on this thread.

[Anonymous]

$285K in savings. HHI $475K
51
Have mortgage, no other debt.
Think we have too much in savings but not sure what we should do with it.
Also have 401K and stocks, bonds etc but the brokerage acount only performs so-so, which is why I’m hesitant to move more out of savings. Any suggestions?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why is everyone so perplexed by OP’s question? As I read it, it’s what non-taxable cash and cash equivalent assets do you have at your disposal? By definition, that would mean outside of a retirement account for anyone.

I know exactly what we have: $180,000. Almost all of that is sitting in a money market fund in our brokerage account. The only tax on it is tax on the interest. That’s unavoidable.

That is many times higher than the national average. And it’s also nearly broke compared to the other posters on this thread.

The question wasn’t how much do I have total - it’s what I have in cash. I’m not broke lol

[Anonymous]

Anonymous wrote:I’m assuming that everyone with more than 50k in liquid savings has no debt other than mortgage?

I have about similar in my savings account but I have around 100K in student loans.

[Anonymous]

HYSA about $60K

[Anonymous]

This thread is depressing. We have 175k in a HYSA and no debt other than mortgage, and until now I thought we were doing great.

[Anonymous]

Anonymous wrote:This thread is depressing. We have 175k in a HYSA and no debt other than mortgage, and until now I thought we were doing great.

Don't be so hard on yourself. This forum is full of braggarts and liars.

[Anonymous]

Anonymous wrote:I’m assuming that everyone with more than 50k in liquid savings has no debt other than mortgage?

We have debt other than a mortgage. DH likes leverage. I play defense with 12 times monthly expenses (including debt service on a line of credit and rental properties) in cash equivalents.

[Anonymous]

Anonymous wrote:This thread is depressing. We have 175k in a HYSA and no debt other than mortgage, and until now I thought we were doing great.

you have way more than me!