About this episode
Managing your cash reserves in retirement can get complicated quickly between living expenses, multiple income streams, taxes owed, etc. James explains how you should manage your cash reserves based on your financial plan and answers a listener’s question. Questions Answered: How do you incorporate cash needs and short-term assets into your bigger-picture portfolio? How does that change from working years into retirement years? Timestamps: 0:00 Intro 0:44 Listener question 2:42 Review of the week 4:09 Three “buckets” 5:30 Other tax accounts 6:57 Emergency fund 7:51 Example 10:39 Free access to your accounts 12:45 Savings accounts 14:37 Reframing your view 16:14 Cash vs portfolio 18:05 Outro Create Your Custom Strategy ⬇️ Get Started Here. Join the new Root Collective HERE!