But the annuity you now require only needs to generate # 4500 instead of # 9000 leaving you with
a much bigger emergency fund or the option of securing a higher income via the annuity.
Not exact matches
Once you're contributing the maximum annual amounts to your retirement accounts — and also have an
emergency fund built up — then it's time to start looking at ways to invest more without incurring
big tax headaches or too
much risk, depending on your situation.
Your liberty
fund, or your «I am looking for a job
fund,» or your «I'm moving to a new city
fund,» should be
much bigger than an
emergency fund.
Only you can determine how
much you need and how
much you are comfortable with having in your
emergency fund, but it's important to think «
big picture» and long - term when planning the amount you'll put into your
emergency fund.