Retiring? Here's How Much Cash to Stockpile First.
In the course of preparing for retirement, there are probably a few key tasks you know to tackle -- figuring out when to claim Social Security, deciding when to begin IRA or 401(k) withdrawals, and navigating Medicare enrollment. But there's another key action item to focus on before bringing your career to a close -- building a cash reserve.
Many retirees kick off their senior years with the bulk of their money invested in assets whose value can rise or fall with market conditions. While it's a good thing to stay invested during retirement, you also need cash as protection. Here's how much you should aim to stockpile, and why it's important.
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Source Fool.com
