A. investments
B. savings
C. interest
D. IRA
2006-11-15 09:58:42 · 14 answers · asked by Adumu 2 in Education & Reference ➔ Homework Help
savings
2006-11-15 10:00:46 · answer #1 · answered by Anonymous · 1⤊ 0⤋
B. No brainer. You don't touch investments unless you have to since the tax burden will kill you. If you make enough interest to get by for six months, you would need a pretty darn big emergency! And an IRA is an investment in the future, so the same rules on touching the investments count there.
2006-11-15 10:03:52 · answer #2 · answered by rifleman01@verizon.net 4 · 0⤊ 0⤋
correct is B. Savings
IRAs have high % lose penalties
Investments are long term and when need to turn to cash the market goes south on you
Now the smart person does invest their money so that the investments can produce enough income to replace 2 -5 times your present monthly income without touching the principal.
F.Y.I. at your age an IRA (2000$yr) for 10 yrs will produce about 2.1 million dollars forcing you to live on about 5 -6500$ a month.
knowledge is power.
2006-11-15 10:16:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Savings.
Ideally, you want to build up enough money in your savings to live on for six months.
Investments and IRAs are not accessible enough for emergencies.
Interest makes no sense.
.
2006-11-15 10:00:15 · answer #4 · answered by nbasuperdupe 3 · 0⤊ 0⤋
B. savings Definitely
2006-11-15 10:00:22 · answer #5 · answered by Billys girl 3 · 0⤊ 0⤋
B, but more like a year, than 6 months. That is my savings and that counts CD's. They are liquid.
2006-11-15 10:05:51 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I think 'b', because that was the advice i was always given in case you are suddenly without a job or as you said emergency.
2006-11-15 10:01:17 · answer #7 · answered by Aidge 3 · 0⤊ 0⤋
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2016-10-22 03:59:57 · answer #8 · answered by haan 4 · 0⤊ 0⤋
A.investments
2006-11-15 10:01:22 · answer #9 · answered by Drama Queen 1 · 0⤊ 0⤋
I would say savings on this one, because thats what you have to live off if you lose your job or something.
2006-11-15 10:01:05 · answer #10 · answered by C-bear 5 · 0⤊ 0⤋
B. savings
2006-11-15 10:00:37 · answer #11 · answered by Anonymous · 0⤊ 0⤋