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Reply to "Cash Heavy -- What to do?"
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[quote=Anonymous][quote=Anonymous]DH is recently retired. Our living expenses are about $300K a year. Starting next spring, there will be annual distributions from his deferred comp account of approximately $350K after taxes over the next ten years (depending on market conditions). We have about $1.4M in cash sitting in a money market right now. This is due to stock option exercises over the past year. Our net worth is $14M+ and our allocation is about 60% in equities. Right now I am not comfortable investing the cash, but our financial advisor thinks we should consider investing a small amount every month (about $50K). I am inclined to hold out until the market corrects, but unsure this is the right decision. Anything else we can do with all this cash other than keep it in the money market account? [/quote] Buy IAUM and UEC ETFs. Hold for 1 year. You’re welcome.[/quote]
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