This week, we’re talking about cash savings in retirement. Deciding how much cash you should have on hand at all times in retirement is more important in you might think. Having enough cash on hand will help prevent you from liquidating your investments for emergencies and will help stabilize your portfolio during the inevitable stock market downturns. 

So this week, I’m giving you some guidelines to think about when deciding how much cash to keep liquid once you make the transition into retirement. 

Hopefully after listening to the tips this week, you will have a better understanding of how much cash is enough, and why you may want to hang on to more than the standard 3-6 months worth of expenses that many of you have been advised to keep on hand while you’re working. 

I’ll also talk about where to park that cash so you earn more than 38 cents of interest each year. 

That’s it for today. Thanks for listening! 

Before you go, please take a minute to leave a review for the One Minute Retirement Tip in Amazon or iTunes. If you find these tips valuable, or if you have feedback for me or topic suggestions, it’s a great way to share the love and share your ideas with me! And thanks to all of you who have taken the time to leave a review. 

My name is Ashley Micciche...and this is the One Minute Retirement Tip. 

----------

>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance, wealth management, fee only financial advisor, financial planner, how to withdraw money from retirement account, cash in retirement, money market, taking money out of 401k to pay debt, money market account definition, savings account, best high interest savings account, money market risk, CDs, certificate of deposit, cash for emergencies, emergency fund, where to put emergency fund, emergency savings fund, emergency fund examples