Timothy Sumer

So how much do you need in an emergency fund in retirement? And if I said 12 months, would you be happy with a year’s worth of living expenses sitting in a money market account earning about 0.5%? Don’t get fooled by fancy upfront promotions from banks for 3 to 6 months unless you don’t mind hopping around banks, chasing promotions, and be mindful of the rules for obtaining those higher interest rates. Let’s find out if there are any options other than keeping 12 months in a low interest money market fund or chasing promotions from bank to bank. Watch the video till the end to learn how a retirement annuity can assist with determining how much to reserve in an emergency fund in retirement. Please Subscribe and Don't forget to press the bell, 🔔, like, comment and share. Stay safe and Love all. 😍😘 Table of Contents: 00:00 - Introduction 01:17 - Why an emergency fund is vital 02:17 - Emergency fund for long term care needs? 03:38 - What does Sequence