Do make sure you have enough cash reserves built up to cover your upcoming expenses, including school tuition and planned vacations, said Milo Benningfield, a CFP and founding principal of Benningfield Financial Advisors in San Francisco.
"I find that investors that are getting close to retirement do sometimes need to be coaxed to reduce risk and build cash reserves," he said. That way if the bear market hits just before you retire, you won't need to dig into your portfolio at reduced prices. He recommends building up between five and 10 years' worth of these reserves. So if you estimate that you'll need to withdraw $25,000 a year from your portfolio, you'd want to keep $125,000 to $250,000 in cash and bonds.
acorns Larry Kudlow said China's economy is crumbling, proably Trump's line, Kudlow, like AG Barr are Trump stooges. Kudlow use to say we should drop Fedinterest rates under Obama, now he condones them. Larry should retire & has shamed himself & destroyed is reputation.
acorns StockMarkets have been volatile since the GOPTaxScam came into effect in Jan 2018. The bubble was already there before the tax cuts for the rich. The rich were borrowing cheap money before the TaxScam on the promise made to them from the Republicans who they bribed.