As retirement approaches, one of the most critical financial preparations, alongside healthcare planning and winding down work activities, is establishing a substantial cash cushion. This vital reserve serves a dual purpose: it provides a reliable source of funds throughout your retirement years and, crucially, offers a protective buffer if unexpected events force an earlier-than-planned exit from the workforce.
When developing a "Bucket portfolio," individuals should carefully consider the appropriate amount, origin, and placement of these essential liquid assets.
