Quote:
Originally Posted by feh
This is what we do. Our "official" EF (money kept in a checking/savings account) is quite a bit less than 6 months of living expenses. But, we have other monies in taxable investing accounts that we could access if necessary.
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Same here. We do not maintain 6-months worth of expenses in liquid investments but we do have more than that when you add up checking, money markets, bonds, CDs, etc. We can get to some of it quickly but the rest would take a little time and some of it would incur a penalty if cashed in early.