3 ms·
> You should always have 18 months of expenses saved I've never seen this sentiment on r/personalfinance. It's typically no more than 6 months, usually a 3-6 m
by ar_lan 7y ago
> You should always have 18 months of expenses saved
I've never seen this sentiment on r/personalfinance. It's typically no more than 6 months, usually a 3-6 month range. Your money is (on average) better invested and the only reason to go beyond 6 months is if you really, really need that for some extra peace of mind and numbers/data don't mean anything to you.
> Look how smart I am for having a mega-backdoor roth ira instead of a regular 401k like all the idiot sheeple.
This is also uncommon.
> I still think having a relationship with a financial advisor you trust is better than taking advice from strangers on the internet.
Why not encourage people to do their own research? How much more can you really eek out from a financial advisor?
- luckyscs 7y agoMy father is a financial advisor and holds my account. I wouldn't give him up simply because I trust him more than any human on the planet. Even so, I constantly seek out other sources and bounce my ideas about stocks, the market, the economy, politics, science and technology, so that he is exposed to thinking outside his bubble of finance and so that I can have his expert perspective to give me context on how professionals navigate with their knowledge, intuition, and analyst reports.