Should You Save in an Emergency Fund or Save for Retirement?
Life throws tough choices at us every day. Read a book or watch the next episode of The Marvelous Mrs. Maisel? Go to the gym after work or pour yourself a glass of wine and call it a day? But one choice that has lasting implications is whether to save in your emergency fund or save for retirement.
If you're like many Americans, you have room for improvement in both your cash savings and your invested retirement portfolio. Numerous studies have shown that many Americans don't have enough cash on hand to cover even relatively small unexpected expenses. And a Northwestern Mutual study concludes that 21% of Americans have no retirement savings at all.
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Source Fool.com
