Danmar
Thinks s/he gets paid by the post
Emergency fund requirements are different for a retiree than for someone who is still employed. Retirees (as confirmed by most of the posts so far) are generally concerned about household expense "emergencies" or unexpected health or dental bills.
When financial commentators recommend an emergency fund in cash, they are usually thinking of a job loss emergency. For people who are FI, ie retirees, the risks are different and usually a lot more manageable, I think.
When financial commentators recommend an emergency fund in cash, they are usually thinking of a job loss emergency. For people who are FI, ie retirees, the risks are different and usually a lot more manageable, I think.