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How to set and invest your emergency fund

Being able to access emergency-fund assets in a pinch is crucial—you don’t want to have to deal with taxes or penalties.

FILE – This Oct. 24, 2016 file photo shows dollar bills in New York. (AP Photo/Mark Lennihan, File)
FILE – This Oct. 24, 2016 file photo shows dollar bills in New York. (AP Photo/Mark Lennihan, File)
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Emergency funds are an absolutely crucial aspect of any financial plan.

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