With improving net worth we are hoping to release a bulk of our emergency fund, which is really not an EF at all. It is a nice junk of money that I was too scared to invest in a taxable account because I was afraid to lose it. Instead, I have 150k sitting in a high interest savings account making a pathetic 1.3% taxable. I’m embarrased.
We are feeling more comfortable now and would like to take a sig chunk out of the savings account and put it to work. Not quite ready for an aggressive play (will be in a few years once more established professionally and financially) but certainly want to meet and even beat inflation.
Looking for help. Considering tax reform and anticipated increasing interest rates, where would you park this cash? Same state Muni, I-Bond?
Keep in mind that We will still keep a true EF in our savings account (3-6 months worth). We also max out all our retirement accounts etc.
Thanks.
We are feeling more comfortable now and would like to take a sig chunk out of the savings account and put it to work. Not quite ready for an aggressive play (will be in a few years once more established professionally and financially) but certainly want to meet and even beat inflation.
Looking for help. Considering tax reform and anticipated increasing interest rates, where would you park this cash? Same state Muni, I-Bond?
Keep in mind that We will still keep a true EF in our savings account (3-6 months worth). We also max out all our retirement accounts etc.
Thanks.
Comment