Yep stock up on Cash BEFORE retiring and if your financial person does not mention “the golden window of tax planning between 55 and 75” your person is not an effective “planner”. Blessings ❤
In the first few years of retirement you could live off cash, and keep your portfolio short term until you turn on Social Security. Then you could start dollar cost averaging back into the market at that point. Bonds were down due to duration risk, as there must have been longer maturities in the portfolio. If you purchased something like 6 month treasuries, you would have been fine.
Well, this is a repost from Oct. 2023 and was wrong. There was no 2024 recession. Two back-to-back 20%+ S&P increases.
Stop it. U know people don't like to be called out for being wrong!!!!!!!!!!!!!!
I know, why repost it?
That's what I'll be worried about...I'll stockpile enough cash like you have recommended
Yep stock up on Cash BEFORE retiring and if your financial person does not mention “the golden window of tax planning between 55 and 75” your person is not an effective “planner”. Blessings ❤
In the first few years of retirement you could live off cash, and keep your portfolio short term until you turn on Social Security. Then you could start dollar cost averaging back into the market at that point. Bonds were down due to duration risk, as there must have been longer maturities in the portfolio. If you purchased something like 6 month treasuries, you would have been fine.
Third bucket. Hmm so this is the long term money to set aside. Assets to grow?
🫡🍻