Having emergency savings is even more important in retirement

Having emergency savings is even more important in retirement

- in Retirement
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Image Via Washington Post

(Washington Post) Often overlooked in our retirement plans (and our work lives, for that matter) is what I like to call a “slush fund” for emergencies.

Most people don’t have one. That can be a problem for many Gen Xers and Millennials, but it can have some major consequences for Baby Boomers.

How bad is the problem? According to a recent Associated Press-NORC Center for Public Affairs Research poll, two-thirds of Americans would have trouble coming up with the money to cover a $1,000 emergency. What may be surprising to some is that it was a big problem for all income groups. According to the survey:

Read more at the Washington Post

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