TheWizard
Thinks s/he gets paid by the post
Cash drag is not a good thing.
I am now starting year 8 of retirement and continue to keep around $10k in my checking account, that's pretty much it.
Since I've not been able to travel for the past year, I could easily cut back to $5k average in checking but I'm optimistic that things will revert to normal soon.
Excess retirement income, lately a few thousand$ per month, gets transferred to my taxable settlement account and eventually invested in stock index funds.
I hold no cash/MM funds in my investments aside from settlement accounts...
I am now starting year 8 of retirement and continue to keep around $10k in my checking account, that's pretty much it.
Since I've not been able to travel for the past year, I could easily cut back to $5k average in checking but I'm optimistic that things will revert to normal soon.
Excess retirement income, lately a few thousand$ per month, gets transferred to my taxable settlement account and eventually invested in stock index funds.
I hold no cash/MM funds in my investments aside from settlement accounts...