Planned

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Add an option to drawdown from other accounts to fund Emergency Fund

The Emergency Fund Cash Flow Priority should have a “Contributions are fixed” or “Draw down accounts if necessary” option so that the plan will drawdown from other accounts to keep it funded in retirement. Otherwise, there is no way to keep it funded as inflation erodes the balance, and if it is spent in retirement, it is never replenished.

I like the “Draw down accounts if necessary” label that I see on debt repayment better because, to me, “fixed” implies on consistent amount. But, I can see an argument for matching the “Contributions are fixed” language used on other investment accounts.

5 votes

Tagged as Suggestion

Suggested 12 January by user Kim W

Moved into Planned 12 January

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  • 12 January Kim W suggested this task

  • 12 January Kyle Nolan approved this task

  • 12 January Kyle Nolan moved this task into Planned

  • avatar

    Yes would love to see the ability to maintain the desired balance or contribute a % to this account. Also the ability once savings account gets to X$ have the ability to make a purchase whether it’s a rental property etc. Having this add a rental property to the portfolio automatically once goal is reached would be great.

    31 March