How Much Cash Should Retirees Hold?
by Michael Yoder, CFP®, CRPS®, Principal, Yoder Wealth Management
Jun 18, 2018
3 minutes
Retirees tread a tricky line: Keep enough cash in their pockets to cover the unexpected but not so much that inflation nibbles away at their nest egg. However, in my firm's experience, we find many retirees maintain only a fraction of the optimal level of cash.
Although many savers rely on the "three-to-six months' of expenses" rule of thumb, many fail to consider how their needs change in retirement. Research suggests most people require a significantly larger cash reserve during this stage of life, especially if
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