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Reply to "How much should you keep in cash now?"
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[quote=Anonymous]The general consensus is that an emergency find should cover 3 - 6 months of expenses, providing time to replace lost income. If you think you'd have difficulty replacing a loss of employment because of the nature of your work or the job market generally, 6 - 12 months would be prudent. If you're conservative, 1.5 yrs of expenses would not be unreasonable. With federal money market funds yielding close to 4.5% these days, keeping a lot of cash in such vehicles is in any case not giving up much as compared to keeping reserves in bonds or equities. [/quote]
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