How much do you feel is optimal to hold in an emergency fund? I hear 3-6-9-12 months of living expenses, but you also need a separate fund to pay for things like car transmissions or airconditioners.
I am just trying to get a feel for what is enough, what is a sensible approach to the question of taking cash off the table and out of investments.
I am finding as I have hit semi-retirement, my desire for emergency money grows, as well as the lure of a cash position now that I am living on my retirement money. . . So I guess the ancillary is, how much in your portfolio do you keep in cash, if you are retired?