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Reply to "Where to put $500k"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]^^^ I should add that we might be retiring by the end of the year.[/quote] Do you have an emergency fund? Do you still plan on having one during retirement? How many years worth of expenses is 500K?[/quote] We used to carry a significant emergency fund, but then started doing a T-bill ladder. Once T-bill rates started coming down, we reinvested that money (plus municipal bond money when that comes due) in SGOV for ease. Now, we have about 20K in actual cash. Once we stop working, we will probably bump that up. Our comfortable annual expenses are 150K before taxes. We could bring this down to 120K (maybe 110K) if need be. Right now our health, home, umbrella, car and LTC insurances are our significant expenses. We own our home and our property taxes are low. [/quote]
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