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Sean Gould, a wealth strategist with Waddell and Associates and a licensed monetary planner, explains that prior to sending your money off to do the heavy lifting, you'll want to have an emergency situation savings account of about six months of living expenses stored in money. A smart location to keep it is in an FDIC-insured high-yield monitoring or savings account, where it can generate more worth as it waits.: We asked financial planners for their preferred high-yield savings account, and a…
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