So, I'm planning to retire in 1 - 2 years. I'm interested to know how much Cash buffer you had (if you retired) or are planning to have (if you are planning to retire in the next 1-3 years).
Will you carry cash equivalent to 1 year of expenses, 2 years of expenses, 3, 4, 5 years of expenses. I've read several here says 2 - 3 years of expenses. And the reason is:
(1) To ride out any market downturn or crash, so you won't touch your equities
(2) Because you're still 3 - 8 years away from getting Social Security
(3) Just to feel safe and secure - that you can sleep at night.
Will you carry cash equivalent to 1 year of expenses, 2 years of expenses, 3, 4, 5 years of expenses. I've read several here says 2 - 3 years of expenses. And the reason is:
(1) To ride out any market downturn or crash, so you won't touch your equities
(2) Because you're still 3 - 8 years away from getting Social Security
(3) Just to feel safe and secure - that you can sleep at night.