How to Manage Cash Reserves in Retirement

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? Learn the tips & strategies to get the most out of life with your money. Get started today → https://www.rootfinancialpartners.com/ Subscribe to be notified for future videos: https://www.youtube.com/channel/UCBNdQfS-fzODmYb8Hkr4egA?sub_confirmation=1 _ _ For more resources and content, check us out below! 🔔 Subscribe to our channel to learn more about all things portfolio management https://www.youtube.com/@RootFP 🎧 Listen to our podcast http://readyforretirement.co/ 🧑‍💻 Visit our website https://www.rootfinancialpartners.com to learn more about us 👥 Connect with us on Facebook https://www.facebook.com/rootfinancialpartners 📷 Connect with us on Instagram https://www.instagram.com/rootfinancialpartners/ 🔗 Follow us on LinkedIn https://www.linkedin.com/company/18347030/ _ _ ⏱Timestamps:⏱ 0:00 Intro 0:44 Listener question 4:09 Three “buckets” 5:30 Other tax accounts 6:57 Emergency fund 10:39 Free access to your accounts 12:45 Savings accounts 14:37 Reframing your view 16:14 Cash vs portfolio 18:05 Outro Other videos we think you'll like: About Root: https://www.youtube.com/watch?v=ZPy7Qlmemy8&t=1s Worried about retirement? Start here: https://www.youtube.com/watch?v=c1dCo73XTw4&t=1s