Emergencies happen. In many cases, they arrive quickly and without advance notice. Time and options are figuratively bought by having short-term savings to help bridge the gap to sunnier days. This account is known as an Emergency Fund.

The Retirement Rules of the Road

The Emergency Fund is a central piece in planning financially for the present and the future. Think of the set aside savings as lifestyle insurance and not an investment. A properly funded Emergency Fund allows us to sleep better at night, and it’s the first line of defense when life goes off the rails. It provides flexibility and can also act as a source of short-term income if needed. This simple step is a foundational building block to pursuing a better quality of life on our own terms.

Take care,