Obviously, one would want as much cash as possible. 6-months of living expenses for me is $15K, which I have.
However, some of the investment vehicles (namely, real estate and small business) require more cash on hand.
I feel like $15K is not enough. Then again, if I built it up to $50K, I would probably feel like that is not enough either.
I'm making about $120K, and I'm looking to always max out my solo 401(k). That would put me at about $40K pre-tax annually. But trying to build up my liquid cash would take away from the amount I would be able to invest in my taxable account, which I am trying to build up as well. (This is my weakest area, I usually don't have enough to put away into taxable accounts b/c my 401 is taking everything.)
Am I over-worrying?
However, some of the investment vehicles (namely, real estate and small business) require more cash on hand.
I feel like $15K is not enough. Then again, if I built it up to $50K, I would probably feel like that is not enough either.
I'm making about $120K, and I'm looking to always max out my solo 401(k). That would put me at about $40K pre-tax annually. But trying to build up my liquid cash would take away from the amount I would be able to invest in my taxable account, which I am trying to build up as well. (This is my weakest area, I usually don't have enough to put away into taxable accounts b/c my 401 is taking everything.)
Am I over-worrying?