Reply to How much LIQUID savings do you have?

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Reply to "How much LIQUID savings do you have?"

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[quote=Anonymous][quote=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.[/quote]

+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.[/quote]

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