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509 | Getting Personal with Personal Finance | Ginger & Kim

ChooseFI

NOTE

Diversify Your Liquid Assets

Building a strong emergency fund necessitates having liquid assets outside of retirement accounts, as many individuals have the bulk of their savings tied up until they reach retirement age. Maintaining an after-tax brokerage account is vital for immediate accessibility in unforeseen circumstances. Additionally, selling real estate, such as a condo or shared property, can supplement financial security, especially when considering life transitions like quitting a job.

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