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We have a million bucks in retirement accounts yet we're having a hard time coming up with an emergency fund. Any suggestions?
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
I know you guys are fed up with your emergency reserves earning bupkis, but does that mean you should consider placing the money in something riskier?
Have a money question? Email us, ask jill [at] jill on money dot com.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
What would cause somebody to be sitting on what you might think is too much cash? More times than not, it has to do with a traumatic experience.
Have a money question? Email us, ask jill [at] jill on money dot com.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
My guess is that unfortunately a lot of people have had to dip into the emergency fund in 2020, and once that happens, it needs to be replenished.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
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In a recent survey, 53% of Americans said they do not have emergency funds to cover a significant amount of time without a paycheck. Although President Trump has proposed a payroll tax cut to ease the burden, one finance expert says that won't help people who are most struggling from the coronavirus shutdowns, hourly employees. I joined CBS This Morning to talk about the economic effects of the ongoing public health crisis.
