I work at Accenture. I'm contributing 6% to 401k (ACN matches up to 6%), participate in out stock purchase program,have a wealthfront account, and just opened a high yield savings account. How much money should I keep in my savings? 3 mo the of expenses? 6? Should I contribute more to 401k since I have a good amount of money in my bank and mutual fund?

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Open up a Roth IRA if you haven’t and max that out — $6k a year.

Emergency fund: depends, how many months of expenses would you need in a savings to not feel stressed in case something unexpected happens? I’m 23 and have about 6-8 months of expenses in a HYSA.

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In this environment the more you can keep
The better. If you pay rent, have a mortgage, etc you’ll need to account for that. 6 months is good. 1 year is extreme but better! It’s your comfortable level.

My mortgage is approx $2k per month, so I try to keep at least $24k on hand.

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3 mo of expenses is what I’m currently going for (but I’m younger) with a family and more responsibility you may want to save up more as you have more on the line. I think 3-6 mo is fine if you’re young and single but as I get older I want 12 mo of expenses liquidated and ready at any given moment

I live in NYC and make 120k FYI. Haven't been maxing out 401k because I was always scared of an emergency popping up where I would need the money, but I think I have a year+ worth of savings across my bank and wealthfront account, plus 25-30k more in Accenture stock (I know... I should diversify🤦🏽‍♂️). I was going to dump more money from my savings to wealthfront, but should I just increase my 401k contributions as well?

Work left to right, top to bottom

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Get it up to 6 especially in this environment. Ditch wealthfront and just buy a low fee index fund (Fidelity and vanguard have great options)

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