No. of Recommendations: 7
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.

But when you are retired you cannot get laid off and lose your paycheck. You can't lose what you don't have.

Your income is guaranteed sources like pension and Social Security, and withdrawals from your retirement account(s). And a 4% SWR withdrawal from your portfolio is the next best thing to guaranteed there is. None of these will give you a pink slip.
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