No change to A and B below.
a. Find investment vehicle for mom's savings account that I am building (currently at $2,900)
b. Find account for long term savings. I am of the mindset that I would like to have two "pots" for my savings. One where I retain my money market account at $20k, which will form my emergency nest egg. The second account will be in a slightly more riskier fund (50/50 stocks/bond acct?) and will contain my long term emergency fund, which I would like to grow to $80k+. By doing this, I feel that most of my emergency fund will grow to at least match with inflation over the years.
Nice to see the value go up a bit to close out the last entry of 2022. Looking forward to a pay raise in 2023 and moving one more step closer to retirement.
Happy Holidays/New Year folks! |