This week’s theme on the Retirement Quick Tips Podcast is: Crafting Your Retirement Budget

Today, I’m talking about making a plan for the unexpected in retirement. 

• How much of your budget should you set aside for surprises or emergencies? 3-6 months + Advice for market declines and extra cash for that

• Maintenance on housing, cars, etc - always unplanned and irregular. Something you can’t put off like you used to. The older you get, the scarier it is to be stuck somewhere because of an unreliable car. 

Bottom line: You’re going to want to keep more cash on hand for emergencies when you’re retired so you don’t have to unexpectedly tap into your investment portfolio, you can cut your portfolio withdrawals in a down market, and perhaps most importantly, you can avoid putting an emergency on a high interest rate credit card. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance