Yeah risk tolerance is up to you. Personally I went stocks and it worked out great, but I am not advising as such. If you go into a more risky asset it's really only a problem until growth provides enough of a buffer to handle the risk. I wouldn't really want a full 6 figures in a HYSA though when it could be earning a lot more.

Emergency funds in FDIC insured savings accounts. HSA accounts serve as the best tax advantaged backup that you can invest in a broad market ETF like VOO since they are triple tax advantaged, although ideally you never have to withdraw from here until retirement.

I consider retirement & HSA accounts separate from emergency fund. Max HSA, max 401(k) then build up emergency fund in liquid assets.

I do too, but HSA is a nice backup emergency because you can withdraw up to all of your accumulated healthcare expenses tax and penalty free.

So pay for all your healthcare expenses with non HSA funds, keep track of the expenses, and eventually, you probably will have accumulated $10k or $20k of healthcare expenses you can reimburse yourself for IF you exhaust your regular emergency fund.

High Yield Savings Accounts (HYSA) like Marcus by Goldman Sachs can be a good place to keep the 3 month cash reserves.

Marcus has lagged its competitors by 0.7% or more for all of 2022. I suspect Goldman Sachs is having problems dumping money into Marcus given its losses.

I would go with CIT Savings Connect, they have historically been near the top and they have a nice website.

https://www.doctorofcredit.com/high-interest-savings-to-get/