Is Your Emergency Fund OK Given Inflation?

͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

August 9, 2022

Somehow, people rarely ever talk about emergency funds and retirement planning in the same breath. But emergencies still happen in retirement. And with inflation driving ever-higher costs, you might want to revisit your savings to see if it’s still an amount adequate to cover your expenses.

With all the things you can’t control — whipsawing stock market, possible recession, rising mortgage rates — the good news is that your emergency fund is within your power. Even if you can’t dump in hundreds of bucks, you can sock away small bits here and there for a rainy day. And those amounts add up.

In this story from reporter Sarah Hansen, learn just how inflation might be eating into your stash and what experts say you need to save up these days.

— Jill Cornfield, deputy editor

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Timely Retirement News, Insights and Advice

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