Ask An Advisor: What is an adequate emergency fund? - Carroll Financial
April 8, 2021

Ask An Advisor: What is an adequate emergency fund?

00:51 seconds

In this video Jay Patterson answers the question “What is an adequate emergency fund?”

Video Transcription:
Jay Patterson: We recommend clients to have an emergency fund to cover unexpected expenses. Say for example, your car breaks down or you have a medical emergency or a major home expense that comes up as a surprise. We typically recommend clients have three to six months of their income in an emergency fund, but you might want to increase that a little bit if you have young kids, or if you’re in an especially volatile industry, or something of that nature.

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