financial planning: How Is Your Emergency Fund Holding Up? - 12/19/10 06:16 AM
Rob Minton recently published the results of a survey he conducted in an article titled, “Survey Results: Average Agent is Headed for Poverty in Retirement.” While Rob focused on many facets of financial planning, I took note of the results of question number 5 on his survey where he asked agents if the have an emergency fund. The results of that question were: 33% I don’t have an emergency fund
10% Emergency fund to cover 1 month of living expenses
20% Emergency fund to cover 3 months of living expenses
37% Emergency fund to cover 6 months of living expenses Given … (7 comments)