tag:blogger.com,1999:blog-5601819916630680133.post8000661586187657850..comments2024-01-23T23:07:00.959-08:00Comments on GRACEful Retirement: About That Emergency FundGrace.http://www.blogger.com/profile/03557395027685855901noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5601819916630680133.post-7710642283446794172009-08-03T23:01:06.743-07:002009-08-03T23:01:06.743-07:00I *fondly* (ahem!) remember those days of Murphy. ...I *fondly* (ahem!) remember those days of Murphy. Heck, they were as recent as March and April of this year. [Strangely, I don't actually consider the layoff an act of Murphy.] <br /><br />I wish you the best in hiding your funds away from the greedy grasp of M long enough to build and keep a good cushion. You can do it! And of course, making more money would certainly help the cause. If it becomes an option.Revanchehttps://www.blogger.com/profile/07293868300535734672noreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-35082877975413762172009-07-30T07:07:25.768-07:002009-07-30T07:07:25.768-07:00I agree, Grace. It's a tough slog, but it'...I agree, Grace. It's a tough slog, but it's too late to put off retirement savings.<br /><br />That said, I don't understand why your kids or grandkids (!!) can't pay for college themselves like everybody else. I guess you cross that bridge when you get there.DogAteMyFinanceshttps://www.blogger.com/profile/02571124283388079010noreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-1913167535554034852009-07-29T13:53:13.321-07:002009-07-29T13:53:13.321-07:00Dave Ramsey and I part ways when it comes to suspe...Dave Ramsey and I part ways when it comes to suspending retirement contributions. I started too late, and I'm too far down to take that advice. I see the value of a two year "pay off the debt" plan, but I'm giving myself longer because I know that my house will be paid off in 4.5 years, leaving me with an additional $1200 per month available to wipe out indebtedness. AND I have my rental house, which could be sold if I ever get completely stuck. I am holding up doing that, partly due to the economy, but mostly because that house is my kids/grandkids college fund and my travel-when-I'm-retired fund. It's not liquid, but I don't owe anything against it, so I could sell it anytime if I were willing to take less money for it. It's worth at least $100,000, and probably closer to $150,000 (less, of course, significant capital gains).Grace.https://www.blogger.com/profile/03557395027685855901noreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-4536373458623806842009-07-29T12:41:53.540-07:002009-07-29T12:41:53.540-07:00Here's another point. Dave Ramsey says you sh...Here's another point. Dave Ramsey says you should only be in BS2 for 2 years or you're doing something wrong. You need more income or sell things.<br /><br />You should be suspending retirement contributions during that time.<br /><br />Now since you do the opposite of that, I was wondering, shouldn't you also consider at least saving one month of expenses in your account before going forward with debt repayment?<br /><br />Maybe a slightly bigger cash cushion while in debt repayment could work out better.Living Almost Largehttps://www.blogger.com/profile/06655673945207221609noreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-53993296961078503082009-07-28T16:02:00.058-07:002009-07-28T16:02:00.058-07:00Sharon is like Grace too. I will be slowly buildi...Sharon is like Grace too. I will be slowly building it back up. The difference is that you are putting into your retirement account. We have stopped contributions to get an emergency fund up and running...but it just ran away....*sigh*Sharonhttps://www.blogger.com/profile/13940623529019637336noreply@blogger.com