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by darth_avocado
461 days ago
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You should always have 2-3 years of runway in cash or other safe liquid savings (CDs, Bonds) as you get older (6 months minimum when you’re in 20s and 30s). You shouldn’t be really relying on selling assets to pay your monthly bills. |
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Just before and just after retirement it's considered a good idea to go bond heavy to help mitigate sequence of returns risk:
* https://www.kitces.com/blog/managing-portfolio-size-effect-w...
* https://www.schwab.com/learn/story/timing-matters-understand...
* https://www.td.com/content/dam/tdgis/document/ca/en/pdf/insi...