Ep 27: Should I Have 3 Years Cash?
On this show, we will be discussing if it's a good idea to have 3 years worth of cash when you are in retirement. Since the market is down, many people are worried about losing their money and many believe having a good portion of their portfolio in cash is the only option. We will also be discussing sequence of returns risk and how this can greatly impact your retirement if not planned properly.
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In this episode:
[2:07] Why are people so curious about having cash on hand?
[4:01] What is sequence of returns risk?
[8:45] Why might someone want to have more cash on hand?
[10:00] What is the Rule of 100?
[10:50] Nick explains the Rising Equity Glide Path
[15:23] Nick explains the Money Master Retirement Plan
Links:
Click here to view the Steve and Bill Sequence of Returns example