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Old 09-29-2013, 08:33 AM   #61
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Originally Posted by Hiredgun View Post

This may be too much. However, we just retired and my wife has recently been diagnosed with aggressive (triple negative) breast cancer. So, although this would normally be too conservative of an investing strategy for me, I feel like this gives me some much needed safety, flexibility and cash on hand for unexpected medical expenses or emergencies.
You have much more to worry about then having too much money in cash. I am glad to hear that you are financially prepared for this and I hope it turns out well for your wife. It is amazing what medicine can do now. Take care of yourself and your wife. Let her know that she has people pulling for her that she does not even know.

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Old 10-06-2013, 08:15 AM   #62
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Originally Posted by padlin00 View Post
For unexpected emergencies I could I'm good with the idea of not needing an emergency fund, I can always use a credit card till I can get $ from an account somewhere.
I view my EF as something that I could tap in case the car blows up, probably something that'll never be tapped. Hopefully.

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Old 10-06-2013, 02:21 PM   #63
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But I can see how in your case the monthly cash & EF can get muddled. Hang in there
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Old 10-06-2013, 02:35 PM   #64
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If you consider short term bond funds to be "cash-equivalent," my IPS calls for about 8 years of cash. Bonds are 40% of my total portfolio. 30% of bonds are short-term bonds, and 5% are MM (ultra-short bonds) or cash (bank). So 14% of my assets are in cash (short-term bonds, MM and bank accounts). I am currently spending about 1.7% of my assets per year.

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