This rings true to me as a boglehead. Thank you for your insight.We have/had a large cash bucket. It is not a safety/security blanket but still serves a significant psychological purpose. It serves as an extravagance spending account. Many retirees in the first years have trouble switching from savings to spending mentality. Our core portfolios have adequate provisions for a long retirement. This cash hoard is a permission slip to enjoy those luxuries we worked for. The point of investing is not to become ever richer.
Statistics: Posted by babapanda — Wed Jan 21, 2026 11:06 am — Replies 232 — Views 25111