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Reply to "Emergency fund if you have a "safe" job"
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[quote=Anonymous][quote=Anonymous]While no job is completely secure, my position provides six months’ advance notice in the event of a layoff. I’ve been with the company for 15 years, and I will receive a pension upon retirement that includes cost-of-living adjustments. My monthly expenses are $7,500, and I currently have $34,000 in a high-yield savings account. I’m considering investing $10,000 in a taxable account, which would leave me with $24,000—about three months’ worth of emergency savings.i plan to invest in an S&P index fund nothing exotic. I understand that the standard recommendation is to maintain an emergency fund covering six, nine, or even twelve months of expenses. Given my situation, would maintaining a three-month emergency fund be reasonable? My only debt is a car loan, and I do not have a mortgage, as I currently rent.[/quote] what is your monthly income (gross and net)?[/quote]
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