Ideally, she says, pensions and annuities will cover basic retirement expenses, leaving the rest for investment growth and more
liquid access to money for more enjoyable lifestyle expenses.
Enjoy
liquid access to your money whenever you want by making a withdrawal at any ESL branch or ATM, or by transferring between accounts online.
Not exact matches
An emergency fund should ideally be
liquid, meaning you can
access the
money quickly if you need
to.
After all, the whole point of a
liquid fund is quick
access to money.
If you are not dependent on the income, by having steadily maturing bonds, you will have
access to relatively
liquid money.
If I didn't have
access to an offset account, I would definitely be doing the same as you and saving 5 - 10 % of my
money in a
liquid account for emergencies.
I would suggest having the
money in an account that's pretty
liquid (easy
to convert
to cash or write a check from), so you can have easy
access to it if and when an emergency hits.
The
money that you truly need
access to at all times and that you really can't afford
to put at any risk — say, a cash reserve for emergencies and unexpected expenses, cash
to pay a year -
to - two's worth of retirement expenses beyond what Social Security and any pensions would cover — would go into the most secure and most
liquid investments, by which I mean an FDIC - insured savings account or
money - market account and / or a highly secure investments like a
money - market fund.
If I couldn't
access my
money quickly, I can also use a credit card which would give me enough time
to withdraw from accounts that are less
liquid.
The whole idea of a
liquid fund is
to be able
to access money when you want
to.