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Reply to "How much LIQUID savings do you have?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]A bit of a spinoff from the birthday thread… How much do you have in liquid savings? By that I mean things you can quickly liquidate without a tax penalty. So, include traditional savings accounts, non-retirement investments, and CDs. Do not count retirement accounts, 529s, HSAs, or home equity. What is your HHI? [/quote] What age do you assume people are? This thread is less meaningful without knowing people’s ages. 30yos with $100k is different than 60yos with the same amount. And for some of us (not quite me), our we can withdraw from our retirement plans without penalty. We had our kids early in our late 30s / early 40s. We are more than 80% liquid.[/quote] This is true. Current HHI is $175K because older spouse was laid off last year at 59. Liquid cash $300K Non retirement investments $130K But since spouse is over 60, they can tap into their retirement account now which is $1.7mil.[/quote]
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