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Should you have an emergency fund in retirement? - The Motley Fool
We have all heard from financial experts that we need an emergency fund equal to at least six months of our working salary, but what if you are retired? Life happens, things break, people get sick, and you find yourself staring at costly repairs and/or medical bills, and no readily available cash to pay for them. What do you do? This is where having an emergency fund, even in retirement, is essential. Maurie Backman, writing for The Motley Fool, advises having an emergency fund that could save your retirement nest egg. Read Ms. Backman’s article here…
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