MathAggie asked:


I am in my early 40’s and I just paid off my mortgage. I have about $130,000 in my retirement account through work, another $30,000 in a Roth IRA, and an additional $15,000 in savings/investments. I make $70,000/year, have no credit card debt, and no car payment. Any advice on what to do with my money now?

Landon

Benson asked:


You know the dilemma: in an emergency, you need your money fast. A savings account gives you pretty quick access to your money.

But a savings account also earns low interest. So if you put too much in there you diminish your earnings.

I’ve heard all kinds of conflicing advice. What do you think?

How many months’ net income do you think one should keep in a savings account for emergencies?

Billy