Opinion: With interest rates incredibly low and the stock market doing so well, how much should I keep in liquid assets?

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Dear Ms. MoneyPeace:  How much should we keep in liquid assets? Does the term liquid assets refer just to money in a bank account? With interest rates incredibly low and the stock market doing so well, it’s not clear how much to keep readily available. I’m asking this question as a married and retired person. Already Retired Annie Annie, Your question is a common one from people of all ages. Even with interest rates low, safety accounts – I don’t like to call them emergency funds — are essential. Whether married, single or partnered in any way, you need a fallback to cover basic needs.  What that amount should be is personal and is based on your spending and responsibilities. The basic rule of thumb is three times basic living expenses, but if you own a home, make it closer to six months. This money should be kept in an account separate from your everyday funds and any savings for your next car, big trip or celebration. Savings
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