New Savings Goal
Friday, November 16th, 2007I decided I needed a new savings goal. I mean cash, cold hard cash.
I already contribute the allowable amount to both my wife and I’s Roth IRA, and we both get the full matching contribution to our employers retirement plans. The problem is, that money is slated to be used in 30 years or more.
Some people call this an emergency fund. I already have one of those too.
I’m looking for a non-committed cash reserve. Something that will make me a solid 4-5% return in an Emigrant Direct account, and that will provide some completely passive “luxury” money, or “Mad Money” …
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