RockyMtn
Thinks s/he gets paid by the post
Fire'd in July at 51 and am still receiving a paycheck for the next 9 months that basically covers my monthly expenses. As the paychecks start to run out I am trying to determine exactly how many years living expenses I should set aside in cash.
My current thinking is one year's worth of expenses in tax free MMF and another two years in short/intermediate term tax free bond fund. Current asset allocation is roughly 60/40 equities to bonds. I'm still in the top marginal tax bracket so try and keep the portion of my fixed income investments that are outside of the IRA and 401k in tax free vehicles.
Any thoughts would be appreciated!
My current thinking is one year's worth of expenses in tax free MMF and another two years in short/intermediate term tax free bond fund. Current asset allocation is roughly 60/40 equities to bonds. I'm still in the top marginal tax bracket so try and keep the portion of my fixed income investments that are outside of the IRA and 401k in tax free vehicles.
Any thoughts would be appreciated!