S.A.F.E. Money: Your Physician Family Emergency Fund

Emergency funds are essential for unexpected events that happen in life. Every physician should have one, but how much money should be in that emergency fund? What constitutes an emergency and what doesn’t? Should physicians worry about an emergency fund if they are trying to pay off debt or buy a house and what is the best type of account for an emergency fund? Listen in to learn about S.A.F.E. Money and how it applies to emergency funds for physicians. Find peace of mind knowing you’re prepared for the big unexpected financial events in your life.

ASK A QUESTION

Send your questions about taxes, investing, extra money, retirement, college and financial parenting to [email protected] or call the Physician Family Answer Line at (503) 308-8733.

IN THIS EPISODE

• [02:08] Why physicians should have non-emergency reserves that are separate from their emergency fund. 
• [05:16] How much should a physician have in their emergency fund? 
• [10:29] What an emergency fund can “buy.”
• [14:44] How to build an emergency fund among debt and other financial goals. 
• [19:00] How to address inflation. 
• [21:36] The pros and cons of IUS Savings Bonds. 
• [24:38] What is S.A.F.E. Money?

NOTICE

Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.