How Much Cash Should You Have on Hand in Retirement?
You've spent your career investing for your future and now's the time to put that money to good use. But you don't want to withdraw too much at once. For one, it would send your tax bill for the year skyrocketing. And for another, it would also shortchange you because the savings you don't need right now wouldn't have a chance to grow further.
To help your money last longer, it's best to spread your withdrawals out over time. Here's a closer look at how much cash you want to keep on hand.
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Source Fool.com
