lcw77

skillionaire Wrote:
-------------------------------------------------------
> dspapo Wrote:
> --------------------------------------------------
> -----
> > what about an emergency reserve? i keep
> writing
> > down that the person needs 3-6 months expenses
> in
> > cash for emergencies, but i don't ever see it
> in
> > cfai's guideline answers. anyone have any
> > thoughts?
>
> I'm not gonna quantify it, but I will put
> "emergency cash" for most individual IPS.


Im quite sure that a 6 month reserve for living expenses is the standard.