IndependentlyPoor
Thinks s/he gets paid by the post
For FIREd folk only:
What percentage of your AA is in cash equivalents? By cash equivalent, I mean assets whose value is fixed and not subject to market variation: MMFs, bank accounts, redeemable savings bonds. Short-term bond funds not included.
I ask this because discussions about cash are usually aimed at people who are still working, and the scenario is very different for those who are retired and living off of dividends, interest, pensions, and SS. These income streams cannot suddenly be "lost" like a job.
What percentage of your AA is in cash equivalents? By cash equivalent, I mean assets whose value is fixed and not subject to market variation: MMFs, bank accounts, redeemable savings bonds. Short-term bond funds not included.
I ask this because discussions about cash are usually aimed at people who are still working, and the scenario is very different for those who are retired and living off of dividends, interest, pensions, and SS. These income streams cannot suddenly be "lost" like a job.