The couple has an emergency fund currently worth $11,000. “With a child coming," says D’Agostino, “it does feel like an inflection point for us to have a broader conversation." The emergency fund should be a high-interest savings account that could be earning nearly 5% right now, he says. For now, Birardi cautions against developing the Adirondacks land and buying a home in Boston at the same time. Birardi says Sullivan should maximize a health savings account (HSA) he has through work.

Source: Wall Street Journal August 15, 2023 15:51 UTC