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Where to Stash Your Emergency Funds?

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  • #16
    Originally posted by ryan_themoneyguy View Post
    A high-yield savings account is the best place for the portion of the emergency funds you need liquid. Beyond those, you could consider investing in low-cost ETFs. This should be money you won't' need for at least a year to avoid being taxed at your income tax rate.
    What sort of ETFs? If it's money you'll need in a year or so, you don't want to be in stocks. And given current conditions, bonds aren't a great idea either.

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    • #17
      Thank you for asking this question! I’ve also been thinking about this. Right now, we have our EF in a plain old savings account but we’re going to switch this over to a tiered approach similar to others.