Hi everyone! I'm glad I found this site and look forward to learning a lot. I'm 51.5 and hoping to have the option to retire in my 56th year. Or at least be able to work just part-time (I like my work, but more time to do other things would be great!). House, little vacation house, cars, and everything else is paid for, and I've got $880,000 in retirement savings (partly subject to stock market fluctuations). I'm maxing out my 401k and living on about 1/4 of my take home pay. Health care is a nagging question of course, but we'll see how that pans out.
A first question that comes to mind is this: Is there a recommended percentage of one's portfolio to keep in cash? I currently have about 10% in cash and project about 12% cash in four years. I'm thinking about using some of it to live on, plus other investments, from age 56 to 59.5 when I can access other retirement accounts. Should I be investing more of that cash now? Should I keep a certain minimum percentage in cash after retirement?
Thanks for reading,
-O2Bfree
A first question that comes to mind is this: Is there a recommended percentage of one's portfolio to keep in cash? I currently have about 10% in cash and project about 12% cash in four years. I'm thinking about using some of it to live on, plus other investments, from age 56 to 59.5 when I can access other retirement accounts. Should I be investing more of that cash now? Should I keep a certain minimum percentage in cash after retirement?
Thanks for reading,
-O2Bfree