[kv968]

I also agree that a total EF doesn't have to be held in a MMA, however I feel you also shouldn't put just whatever isn't IMMEDIATELY needed into mutual funds either. If it would take you say 2 weeks to access the money in those funds, that doesn't mean you should have only 2 weeks or a month's worth of an EF in a MMA. I'm don't you guys and gals are promoting that either, I'm just saying that I just don't think having the very minimum in a liquid, secure account is a good idea.

The OP has a situation in which that the 100K currently in the funds could be used as a EF if needed. If you only had bascially whatever was in your EF to your name, I would say you shouldn't hold any of it in mutual funds.