As you approach retirement, take this simple step to protect yourself from unforeseen circumstances (opens in new tab)

An important job in the two or so years leading up to . In addition to being there as when you eventually retire, cash has the salutary effect of providing a buffer than you expected due to unforeseen circumstances.As you build out your Bucket portfolio, here’s some guidance on the amount, source, and location of those liquid reserves. Rightsizing Bucket 1 Your cash bucket should consist of one to two years’ worth of portfolio withdrawals, not living expenses. That’s because at least some of ...