Reply to How much to keep in cash in retirement?

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[quote=Anonymous]DH is retiring this year. We have a very robust nest egg due to his being very highly compensated in the last 10 years of his career.

Currently we have about 10% of our portfolio in a money market (about $1.4M), 61% in stocks and the rest in bonds. The large cash presence is due to numerous sales of company stock through the exercise of options. Our net worth (minus projected tax expenditures for retirement and deferred comp accounts) is around $12M.

The only income we will be receiving is our social security, which amounts to about $90K gross a year.

Expenditures beyond the SS will come from our money market, which will grow significantly starting next spring due to deferred comp distributions of around $400K a year. Because of these large distributions, I feel we should start investing back into the market now to prevent being too cash heavy. The question is how much, and how is this determined?

In terms of spending, I am projecting $300K a year.

We have a financial planner, but I am asking here because the planner will most likely be more apt to want us to invest more than less. Most of our money is tied up in the deferred comp and 401K accounts, which are not managed by the planner. He is managing about $3M for us.
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