Emergency Fund Allocation

[Jevs05]

Hi there!

I have built up a savings account with enough money to complete what I want to call my emergency fund, but can't decide where to put it. I have been looking at investing it in essentially what would be a retirement account (40% stock 60% bond) with vanguard to help lower fees, grow it a little bit as opposed to having it sit in a bank, and still have access to it. Is this a terrible idea or a good one? I know Betterment has a similar set up, but I could buy into a Vanguard fund with lower fees to do essentially the same idea. Thoughts?

[Sibley]

You need to be able to easily access the money. A retirement account is generally not accessible. Bad idea.

Taxable investments, savings account, etc?

[Jevs05]

Calling it a retirement account is the incorrect wording. It would be a brokerage account in an index fund that is 40% Stock 60% bond.

Currently in savings is 12k, investments is 5.5k where I maxed out my Roth IRA. Just started working this year.