Emergency funds
I read that a retiree should have 2 years in emergency funds. Where shall I keep these funds, ie: money market, checking or savings account? Thank you
Terry Says
It really doesn’t matter since all of the choices you described qualify as “chicken money” — safe places to hold cash. And, though you won’t earn enough interest to keep up with inflation in any of these places, you will have peace of mind when markets go wild and liquidity in an emergency.
