National Poll – Are Biden’s Bungles Making America Look Weak?
Why You Must Build An Emergency Fund Now To Protect Your Retirement
Over the last few weeks, I’ve warned you to remain cautious with your retirement portfolio even though the economic train seems to be picking up speed into this recovery.
Today, I want to give you another tip you can start today…
Build an emergency fund.
Typically, I recommend people build an emergency fund that will cover 3 to 6 months of expenses.
This amount should cover your total expenses – house, rent, car, phones, internet, food, etc. other things you use every day.
This gives you security and peace of mind because only 39% of all Americans have more than $1,000 in an emergency fund as of January 2021.
This means when – and these things always happen at the worst time – something comes up like an unexpected car repair, medical bill, home maintenance, etc. that they’d have to pay for these things with a credit card, loan, or go without.