Money in the Bank

Financial planning should include the unexpected, and savings bonds can help when the unexpected happens.

First, you must have an emergency fund. A six month emergency fund is the best thing you can possibly have for your family. It’s more important than a big lump in retirement or a nice mutual fund balance. It needs to be safe (meaning you have little or no risk of losing the balance) and it needs to be easily accessible when you need it. Some options for this include savings bonds or a high-yield savings account.

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