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Do I need a separate emergency fund?

Bogleheads • View forum - Investing - Theory, News & General - www.bogleheads.org
If someone has sizable taxable and tax deferred accounts and no mortgage, do they need to maintain a separate emergency fund? Would it be better to have that money invested in a taxable account making money instead? If my taxable account is big enough to cover several years of expenses, what would be the point? Money in my taxable can be transferred to my local checking account in a day or so if needed. I have never understood the logic of a separate emergency fund if your taxable account is of sufficient size to cover nearly any unforeseen circumstances. Does the EF only apply to those with smaller margins of safety? Am I missing something?
Date: Mar 12, 2017   


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