6 Emergency Fund Mistakes to Avoid After 50 - Tellbrief.com

6 Emergency Fund Mistakes to Avoid After 50

What you can control is setting up a dedicated emergency fund to cover surprise out-of-pocket expenses before they arise. Around 3 out of 10 Gen Xers (ages 44-59) and 16 percent of boomers (ages 60-78) have no emergency savings, according to Bankrate’s 2024 annual emergency savings report.

Make sure to avoid these six common emergency fund pitfalls that people 50 and older make. Saving too littleOne rule of thumb is to build an emergency fund that can cover three to six months’ worth of living expenses.

“This is because they have a higher chance of unexpected health care costs arising,” he says...

Continue reading ...
News articles remains the property of the source. Tellbrief is a news aggregator.
Related Business News

Similar Headlines

More News
Home Business News Tech