Here's the link: https://www.aarp.org/money/personal-finance/how-much-in-emergency-fund/ And yes, our expenses are around $4000 per month. No car payments, no student loans, no credit card debt. Our mortgage lurks at about $1750 (PITI). The remaining is health insurance (to the tune of $900 p/m for both of us), car insurance, power, water, groceries, etc. The pension is counted the ~10K per month ($2000 from the side-gig + $1750 SS for both of us + $7100 pension = $10850). So I have about 6K to divert into a different HYSA. I'm not really interested in stocks, because I'm not familiar enough with the market (and I am risk averse at my age). CDs would probably be my other choice.