How much do you keep as an emergency fund? How big is your household?

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6 months of expenses.

Every 1-2 years you should add another month into your emergency fund. As you get older it will take longer to find a job if you are unemployed so naturally your emergency fund should scale with your age.

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No... It is not in a retirement account. I did not say that.

It is in a Target Date Retirement Fund. A fund that slowly allocates capital from Equities to Bonds every year until it has mostly bonds. The target date is 2025 iirc. So this fund is mostly bonds with some equities. This means it is still growing more than most bond funds but lacks the volatility/risk that equity funds do.

The fund is held inside a taxable investment account at Charles Schwab. This is my way of getting interest without much risk in the market.

At least 6 months to a year is recommended

6 months from total household income.
3 in household.

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