Retirement Quick Tips with Ashley

How Much Cash Do You Need In Retirement? | Recap + Highlights - Ep. 273


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It’s Sunday, which means...It’s recap time! 

The theme for this week was: 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, since you’ll be able to curtail your portfolio withdrawals if and when that happens if you have enough cash on hand. 

Here’s what we covered this week: 

  • The Importance of Cash in Retirement 
  • Why Cash Can Be Your Best Friend in the Next Recession
  • Why $54,000 of Cash on Hand Isn’t Necessarily Too Much
  • Where to Park Your Cash So it Actually Earns Interest 
  • And..How To Plan For Big Purchases

If you missed any of these episodes, you can find them on iTunes or Google Play by searching for the “One Minute Retirement Tip with Ashley”. 

Tomorrow, come on back, because we’re starting a brand new theme: Socially responsible investing. I’ll share with you how you can put your money where your mouth is to invest in a way that is consistent with your most important values. 

That’s it for this week! Thanks for listening. 

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

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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

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Retirement Quick Tips with AshleyBy Ashley Micciche

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