Emergency Savings: How Much to Save and Where to Keep It

Emergency savings is a pool of liquid cash set aside for unplanned expenses, and its real job is to protect your long-term financial plan. When your car breaks down or an unexpected bill shows up, having this cushion means you never have to pull money out of a retirement account early and pay penalties. In this episode, Ryan explains why liquid and accessible matters more than earning the highest possible return on this money.Ryan covers the three-to-six-month rule of thumb for sizing your fund, and explains why the right number varies based on income stability, job security, and personal risk tolerance. If you have ever raided a retirement account for an emergency or just wondered how much cash you really need on hand, this episode gives you a practical answer.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!