The Pros and Cons of 401(k)s
If you say that using a 401(k) is part of your investing strategy – some will return a scoff of disgust. This is especially true in the FI/RE community.
If you say that using a 401(k) is part of your investing strategy – some will return a scoff of disgust. This is especially true in the FI/RE community.
You may be very wealthy, but if you cannot access your money when you need it most, you do not have liquidity.
Data shows that a typical household savings account in the United States holds $8,863 – would that be enough to cover a few months without income?
Only 1% of all FICO scores in the United States achieve a score of 850. How do they do it?
Q: How much should you save for weathering the storm? A: it depends.