Title: How Big Should Your Emergency Fund Be When You’re Retired?
Article Snip: "...some older adults are far behind on preparing for a rainy day. Twenty-four percent of adults ages 45 to 60 and 16 percent of people ages 61 to 79 have no emergency savings, according to Bankrate’s 2025 Emergency Savings Report. “Without an emergency fund, it is easy for retirees to take on debt, make early withdrawals from retirement accounts during market downturns or even sacrifice essential needs,” warns Kristen Beckstead, a certified financial planner and vice president at First Horizon Advisors in Nashville, Tennessee. So how big should your emergency fund be when you’re retired? Here’s what financial advisers recommend. ..."
Reference: www.aarp.org
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