Summary: 10 sources of emergency cash options ranked from best to worst.

From Yahoo Finance: 2025-05-27 14:30:00

In case of unexpected expenses draining your emergency fund, here are some alternative sources to consider. First, look at your own emergency fund or short-term securities like money market accounts. Next, consider low-risk assets in taxable accounts or Roth IRA contributions for flexibility. You can also tap into life insurance cash values or take out a 401(k) loan, but remember the impact on your retirement savings. Another option is a home equity line of credit, though rates may vary. Avoid hardship withdrawals from your 401(k) if possible, as they come with penalties and taxes. Reverse mortgages, margin loans, and credit cards are also options to explore.



Read more at Yahoo Finance: 10 sources of emergency cash, ranked from best to worst