2 and 3.
We keep $125k in cash for a house maintenance fund and new car fund, and then we have 3 years of living expenses in cash (plus another year in an operating checking account), and then another couple hundred thousand dollars in cash for reasons ranging from it provides a sense of security to I don’t really know what I’m doing.
But with higher interest rates now, I’m trying to reduce our cash amounts by buying more equities, if only because the increased interest payment amounts is causing our health insurance premiums to increase and, well, we are earning way more than we need anyway.
Hopefully getting a 1.5% dividend yield instead of a 4.5%+ interest yield will make health insurance cheaper in a few years and keep us from going over the ACA cliff, if it returns.
We keep $125k in cash for a house maintenance fund and new car fund, and then we have 3 years of living expenses in cash (plus another year in an operating checking account), and then another couple hundred thousand dollars in cash for reasons ranging from it provides a sense of security to I don’t really know what I’m doing.
But with higher interest rates now, I’m trying to reduce our cash amounts by buying more equities, if only because the increased interest payment amounts is causing our health insurance premiums to increase and, well, we are earning way more than we need anyway.
Hopefully getting a 1.5% dividend yield instead of a 4.5%+ interest yield will make health insurance cheaper in a few years and keep us from going over the ACA cliff, if it returns.
Statistics: Posted by Random Poster — Sat Dec 16, 2023 11:41 pm — Replies 48 — Views 3199