between monthly living expenses, managing multiple income sources, taxes owed from your

Roth conversion strategy, and a lot, lot more, managing your cash reserves in retirement can

get real complicated real quick. So in today's episode, we're going to walk you through how

you should manage your cash reserves within the context of your financial plan and how that

strategy should actually change once you're in retirement.

This is another episode of Ready for Retirement.

I'm your host, James Knoll, and I'm here to teach you how to get the most of life with your money.

And now, on to the episode.

This episode where we're going to talk about managing cash reserves and cash flows in retirement is based on a listener question.

And this question comes from Kelly.

Kelly says this.

I've maxed out my tax advantage savings accounts and I'm currently saving my other money into my Vanguard tax managed balance fund and the Vanguard money market fund and the

Marcus High-Gield Savings account and I bonds. I'm 60 years old and I want to build up my

emergency fund out to five years. I have two years worth of savings in the Marcus and Vanguard bond fund

now. I don't consider the I bonds in the Vanguard tax-friendly 50-50 fund as part of the

immediate need money since their timeframes are five years or more. What other tax-friendly accounts

would you recommend for something outside of a 401k and HSA? All right. So Kelly, thank you for that

question. What she's essentially saying is Kelly has money in a conservative

mix of funds, whether that's the Vanguard money market fund, the Marcus high yield savings,

eye bonds, even a balanced fund. And what she's saying is she wants to have five years of living

expenses in her emergency fund as she transitions into retirement. She also wants to know what other tax-friendly

accounts could she use outside of the 401k or HSA. So the bigger question to me as I'm looking at this,

...