No. of Recommendations: 4
"The true purpose of an emergency fund is so that you can continue to buy groceries and make the mortgage/rent and car payments if you lose your job and thus lose your income."


Yes Virginia, losing your job is an emergency.
But so is having a major car repair - having a medical problem crop up
- needing to help kids or parents or others - when the market conditions
may not be favorable to sell equities or fixed income items.

There is nothing that would prevent a person wanting to have an emergency
fund in retirement.

But if you prefer you could call it a "cash on hand" bucket or a "splurge" fund
or even an "insurance" fund

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