No. of Recommendations: 2
Yeah that is always a problem with the definitions. Is the emergency one of us being out of work or both of us? With or without STD or LTD payouts?

We have enough in the savings account to cover one of the following:

1. 12 months of the mortgage
2. Our max family out of pocket deductible for out of network.
3. 6 months of all expenses assuming son is pulled out of daycare
4. 9 months if we still have one income coming in or STD/LTD payments as our income

Then we could start raiding ROTH IRAs, ESAs, Traditional IRAs, and 401ks if needed. If it was a death, well we've got plenty of life insurance on both of us approximately 7-10 years of replacement income.

We're not wealthy, I'm just part squirrel.

Lara Amber
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