Retirement 2nd Life – Emergency Funds

When you have retired and are living your well-deserved second life, it is important to have access to an emergency fund as you will be living off a fixed income.
There are many reasons you may need to dip into that fund, but having one will give you more peace of mind for unforeseen expenses that may come your way such as household repairs, home modifications, medical expenses not covered by your GP visit card or health insurance or increases to the price of goods and services.