EPISODE · Jun 6, 2023 · 19 MIN
How to Manage Cash Reserves in Retirement
from Ready For Retirement · host James Conole, CFP®
Managing your cash reserves in retirement can get complicated quickly between living expenses, multiple income streams, taxes owed, etc. James explains how you should manage your cash reserves based on your financial plan and answers a listener’s question.Questions Answered:How do you incorporate cash needs and short-term assets into your bigger-picture portfolio?How does that change from working years into retirement years?Timestamps:0:00 Intro0:44 Listener question2:42 Review of the week4:09 Three “buckets”5:30 Other tax accounts6:57 Emergency fund7:51 Example10:39 Free access to your accounts12:45 Savings accounts14:37 Reframing your view16:14 Cash vs portfolio18:05 OutroCreate Your Custom Strategy ⬇️Get Started Here.Join the new Root Collective HERE!
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What this episode covers
Managing your cash reserves in retirement can get complicated quickly between living expenses, multiple income streams, taxes owed, etc. James explains how you should manage your cash reserves based on your financial plan and answers a listener’s question. Questions Answered: How do you incorporate cash needs and short-term assets into your bigger-picture portfolio? How does that change from working years into retirement years? Timestamps: 0:00 Intro 0:44 Listener question 2:42 Review...
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How to Manage Cash Reserves in Retirement
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