Emergency funds are crucial. Don’t let anyone tell you otherwise. When something unexpected happens, having an emergency fund gives you three major benefits: You don’t interrupt your lifestyle — the funds are already prepared. You don’t have to liquidate investments — your growth continues uninterrupted. You don’t go into bad debt — and that’s the most important part.
*Disclaimer: Financial Advisors do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation. Separate from the financial plan and our role as a financial planner, we may recommend the purchase of specific investment or insurance products or account. These product recommendations are not part of the financial plan and you are under no obligation to follow them. Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods.