Financial plan is to start with emergency fund

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Reference no: EM131492145

Part of the process of developing the asset allocation in a financial plan is to start with an "emergency fund" (generally thought of as three to six months’ worth of living expenses). Assuming your client has just accumulated six months’ worth of funds and has it in a small safe in his bedroom closet. You need to provide him three examples of better options for where to place his "emergency funds" and why they will work for this purpose.

Reference no: EM131492145

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