The 5 questions I've gotten most as a financial coach since the COVID-19 pandemic began - Business Insider

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Is a 6-month emergency fund really enough? Many of her clients want to know

interest, which is better than nothing!

Q: I am currently working on aggressively paying off all of my debt and plan on building up my emergency fund after that, but am unsure of what to do once I am done with those two steps. I know that I want to start investing more heavily in my retirement, but I don't know what kinds of investments to look for or choose.

You can invest up to $6,000 in an IRA per year and have until Tax Day 2021 to apply contributions towards 2020. Personally, I use Fidelity and invest in low-cost index funds that follow the S&P 500 or the Total Stock Market.

 

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PFInsider Nice

I have an emergency fund but I've only managed to scrape together 3 months worth of expenses. Now it's looking like you need a minimum of 5 years of living expenses saved up, lol

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