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78: Resilience in Retirement: A Deep Dive into Emergency Funds
Manage episode 407082638 series 3557606
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Caleb and Riley discuss emergency funds and how to be ready for unexpected expenses. Perhaps you’ve always heard that you need an emergency fund, but have never actually taken the time to build one or even be intentional about how much to have in one. Given the stats you are about to hear, I would bet there is a high chance the size of your emergency fund (if you have one at all) has had little thought put into it. Emergency funds make us more resilient and independent. How much do you need to have to feel resilient? It's not one-size-fits-all. Your emergency fund needs to be tailored to your circumstances. Learn more about:
- How your emergency fund preparedness compares to others based on most recent Canadian Statistics
- The 5 Factors to consider when determining the size of your emergency fund
- Why the size of your emergency fund is going to be unique and where you should save it
Resources:
- Canadian statistics on emergency funds
- March 2022 report from the Consumer Finance Protection Bureau
Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts
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