<prompt> Human: I calculated my essential monthly expenses and it was about 3000. That means I have 40 months of emergency fund in a savings account. I know thats a lot of money to have in a savings account since its return is very low .75. My question is, where do I move 96,000 8 months emergency fund is 24,000?Here is my financial snapshot: Retirement Accounts : Type Contribution---:---Company 401K10 of pay of which 5 is matched by employer.Roth IRA Maxed Loans Type Rate Balance---:------Car Loan1.90 10,000Student Loans3.13 7,000Mortgage5.1 170,000 Short-Term Goals : Trip to Australia next summer estimated to cost 6,000. Long-Term Goals : Retirement.Im 35 years old. Also, I was told by PF members a while back to not pay off the student loan and car loans due to them having low interest rates. Edit : Thank you all for all the great advice. I think Im going to pay off the student and car loans. Ill also max my contribution to my 401K. The rest, Ill partially put towards the mortgage.  <response>: Also, I was told by PF members a while back to not pay off the student loan and car loans due to them having low interest rates.That was sound advice. Interest rates of 1.90 and 3.13 are great to have.Short-Term Goals : Trip to Australia next summer estimated to cost 6,000Keep at least that much in your checking or savings account, along with whatever you need for your monthly expenses.Long-Term Goals : Retirement.Are you maximizing your 401k contributions i.e. does 10 of your pay equal 17,500 per year? If not and you will still have money leftover each month going into your savings account you should increase your 401k contributions.With your cash, consider opening a taxable brokerage account and treating it as an extension of your existing retirement portfolio. Your asset allocation should be considered across all of your retirement accounts - 401k, IRA, and taxable. Specific investments in the taxable account will depend on what you have already in your 401k and IRA and on what you are willing to move around to make your portfolio more tax-efficient 