Retirees can face unexpected expenses of up to $7,000 a year. Here’s how to prepare your safety net now
A common mistake when saving for retirement is to focus all your mental energy on one number: your nest egg. But while a large 401(k) and IRA balance is essential, it’s not a complete plan. Without an emergency cash reserve, unexpected expenses can derail your retirement strategy, forcing you to sell assets during market downturns … Read more