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Doug Oosterhart, CFP®

Owner/Financial Advisor

 

LifePoint Planning, PLLC

1821 Walden Office Square, Suite 400

Schaumburg, IL 60173

 

Phone:  844-505-3618

 

Email: doug@lifepointplanning.com

Website: www.lifepointplanning.com

March/April 2025

Where to Put Your Emergency Fund

Water dripping from ceiling into plastic bucket on floor in living room. Leaking roof concept.

Like everything else, the costs of emergency repairs are increasing. Some alternative options that may pay more for liquid savings are:

  • High-yield bank savings accounts

  • Money market bank or mutual fund accounts


Each has advantages and disadvantages you should discuss with your financial professional before investing.


Protect Your Money
When considering any alternatives, find out if the account or fund is backed by the Federal Deposit Insurance Corporation (FDIC) or covered by the Securities Investor Protection Corporation (SIPC). Both FDIC and SIPC insurance have limits but are crucial in safeguarding your investment.


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