 The pensions and Social Security aren't going anywhere. So it seems like you need less in emergency reserves, not more. I agree. I think if you have a big fat pension, that can help. But what if something were to occur where you needed a slug of money? And I'm not thinking so much about loss of income as I'm thinking about something in your house, a health issue. And the market happened to be down at the moment you needed to grab some money, 50 grand, 100 grand.