Subject: Fidelity: You don’t need an ER fund
The fixed income portion of your Retirement Portfolio is likely more than enough.

https://www.thestreet.com/reti...

Even though I'm 97% stock, the 3% in bonds and cash is 10 years' worth of living expenses (prior to starting SS last year) and more than enough to replace an automobile or my home. That's why I don't have collision and comp on my automobile and only insure about 10% of the value of my home, just enough qualify for liability coverage. As my Causulty Actuary little brother explains, if you can shoulder the risk, there's no reason to add the expense and hassle of dealing with an insurance company to a loss.

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