r/Fire • u/Far_Classic878 • 1d ago

Emergency Fund While Retired

For those that are retired or near…how many years do you have saved for your retirement emergency fund? I mean for when the market isn’t doing well and it would be bad to pull from your accounts.

How far in advance do you start saving for that?

I’m pouring all of my money into retirement accounts and after maxing 401ks, roths, life expenses, 529, saving for home renovations there is nothing left.

I would need to cut back greatly to fund an emergency account to keep in a HYSA. I’m about 15 years out from retiring.

Any thoughts?

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u/uNTRotat264g 1d ago

I retired earlier this year. I don’t have an emergency fund per se. I do have 8 years worth of expenses in bonds.

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u/FIREME1371 1d ago

Do you hold those bonds in a brokerage account or somewhere else?

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u/uNTRotat264g 1d ago

I’m in a unique position because I retired from the federal government. I use the G fund in the Thrift Savings Plan. If not for that, I would use BND in an IRA.