I'm retired, DW is working 2 more years, we are not touching anything in our portfolio and (barely) living off her salary. We have been very cash strapped having bought a second home last summer, but are now selling a third property we have had since 1994 in a few weeks. Once all the fees, taxes are paid and the proceeds are divvy'ed to pay for a few other things next year, we'll still have a nice chunk of cash to deposit. Today, looks like it would be about 4.4% of the portfolio.
We have muni and bond heavy accounts in parts of the portfolio, but since DW is still working, we'd get hit at least 22% fed tax if we took any of it, so having a post tax cash bucket (again, finally) feels god for ITSHTF.
Curious what percent other have in post tax cash accounts in their portfolio?
Also, part of me wants to invest this cash in SOMETHING, but looking at CD rates and bank saving rates, why bother?
We have muni and bond heavy accounts in parts of the portfolio, but since DW is still working, we'd get hit at least 22% fed tax if we took any of it, so having a post tax cash bucket (again, finally) feels god for ITSHTF.
Curious what percent other have in post tax cash accounts in their portfolio?
Also, part of me wants to invest this cash in SOMETHING, but looking at CD rates and bank saving rates, why bother?