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Reply to "Regret Retiring Given Inflation/Market Woes? "
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[quote=Anonymous]When the market was roaring, having 2-3 years of expenses in cash was seen as a missed opportunity, even for people close to retirement. And it's true that interest rates on savings accounts were pathetic - the best I could get for a HYSA was .3%. I did it anyway, because I have an extra large security gland. Of course it loses out to inflation every year, but its point isn't to maximize yield. Its point is to help you get through an environment like this without selling investments at a loss, racking up credit cut debt, or drastically cutting living expenses.[/quote]
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