For those of you who are retired and spending down your portfolio, what percentage, if any, do you keep in a safe cash type fund or saving account
I’m getting ready and thinking about how to do this between these three options:
Option 1: Take out what I need from my portfolio when I need it. No cash type accounts. Keep all the money working.
Option 2: Keep a cash type account, a small fixed amount, in case of those times when a new roof, a new car, or other surprises pop up. More or less a very small cushion.
Option 3: Cash type account with around 3-5% of total portfolio. This would be used for option 2 issues along with using some of the cash as a cushion during down turns in the markets, so we could spend a bit more if needed or wanting to.
Thanks for your feedback!
I’m getting ready and thinking about how to do this between these three options:
Option 1: Take out what I need from my portfolio when I need it. No cash type accounts. Keep all the money working.
Option 2: Keep a cash type account, a small fixed amount, in case of those times when a new roof, a new car, or other surprises pop up. More or less a very small cushion.
Option 3: Cash type account with around 3-5% of total portfolio. This would be used for option 2 issues along with using some of the cash as a cushion during down turns in the markets, so we could spend a bit more if needed or wanting to.
Thanks for your feedback!
Statistics: Posted by Ckprocker — Sat Dec 16, 2023 8:48 am — Replies 17 — Views 550
