On the subject of often-overlooked tax issues, state taxes are an often-overlooked tax issue. If you live in an income tax state, make sure you plan for the bite that state taxes will take out of your portfolio income, otherwise you might have a nasty surprise come retirement.
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Keep an emergency fund on hand in case you run into unexpected expenses. An emergency fund should be liquid — in an account that isn’t at risk of significant fluctuation like the stock market. The tradeoff is that the value of liquid cash can be eroded by inflation. But a high-interest account allows you to earn compound interest. Compare savings accounts from these banks.
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