You probably have a multitude of accounts with various account balances.
A starting point to allocating your net worth…
✅ Keep 6 months of expenses in cash. For example, if your monthly expenses are $5,000/month, you might allocate $30,000 towards emergency funds
✅ Keep 5 years’ worth of portfolio income in fixed income investments. For example, if you need $1,000/month from your portfolio, you might allocate $60,000 towards fixed income.
✅ The balance of your portfolio could be invested for long-term growth.
Information in this material is for general information only and not intended as investment, tax or legal advice. Please consult the appropriate professionals for specific information regarding your individual situation prior to making any financial decision.
10 Actions To Take 10 Years Before Retirement
In this paper we discuss 10 actions you should take to develop and deploy a successful long-term wealth plan. It will help you make decisions about your financial journey today and well into your retirement chapter.