Hey guys, I shipped out (I'm a merchant mariner) so am just now getting to read these responses. Thanks! I have $170K in retirement savings (401(k) and Roth IRA) I am 32. My job is very unique. I'm trying to get to the point of only having to work 2-3 months a year. Right now I work 4-5. It is relatively secure, though not "steady". I just paid of my HELOC, but have access to a $15,000 line of credit through my credit union that I have not touched (i.e. I have zero balance). I have a condo that I plan on selling soon, which will put between $80,000 and $100,000 in my pocket and reduce my expenses such that the 2-month emergency savings (which is now 3 months) will be more like 6 months.
Still interested in what you guys think about dumping that money into a fund all at once, or spacing it out?
Re: TrulyStachin, that's an awesome story about your grandmother! Thanks for sharing it.
I think I'm leaning towards putting at least $5,000 into the emergeny fund....Thanks