Saturday, October 01, 2011

Why You Need a Rainy Day Fund

A MetLife survey of men and women aged 50 to 70 found that, within a two-year period, a substantial 35 percent had experienced an unexpected major expense. The average cost of these unpleasant surprises ranged from $6,666 for medical problems to $7,296 for family needs and $8,256 for housing issues.

Source: The MetLife Study of Women, Retirement, and the Extra-Long Life

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