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How to Manage Cash Reserves in Retirement

How to Manage Cash Reserves in Retirement

FromReady For Retirement


How to Manage Cash Reserves in Retirement

FromReady For Retirement

ratings:
Length:
19 minutes
Released:
Jun 6, 2023
Format:
Podcast episode

Description

Managing your cash reserves in retirement can get complicated quickly between living expenses, multiple income streams, taxes owed, etc. James explains how you should manage your cash reserves based on your financial plan and answers a listener’s question.Questions Answered:How do you incorporate cash needs and short-term assets into your bigger-picture portfolio?How does that change from working years into retirement years?Timestamps:0:00 Intro0:44 Listener question2:42 Review of the week4:09 Three “buckets”5:30 Other tax accounts6:57 Emergency fund7:51 Example10:39 Free access to your accounts12:45 Savings accounts14:37 Reframing your view16:14 Cash vs portfolio18:05 OutroCreate Your Custom Strategy ⬇️ Get Started Here.
Released:
Jun 6, 2023
Format:
Podcast episode

Titles in the series (100)

Ready For Retirement is the podcast dedicated to helping you learn the tips and strategies that will help you achieve your retirement goals. When it comes to retirement planning, it can quickly become overwhelming and easy to not take action. I designed this podcast because I want you to have the knowledge and confidence to create your secure retirement. My ultimate goal for all of my clients (and listeners) is to create peace of mind and that starts with having a strategy. I want you to spend more time thinking about what matters most to you in retirement. I post weekly episodes to keep you up-to-date on all the best tips and strategies to create a retirement that excites you. Everything from investing tips, tax planning, withdrawal strategies, insurance planning, Social Security, and that's just the start! Let's help you maximize your return on life. We use your money and the strategies I share in this podcast to do just that!