Reply to What is your non-retirement savings and HHI?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DH just retired at 59.5.  [b]He has started to move some funds from 401k when the market is up because he doesn't want to pull from his 401k when the market is down.[/b]  So, in those months, he would have cash to pull from.  Cash is in a high yield money market fund.  Currently around $300K.

I will retire in a couple of years, but won't be 59.5.  So, we want to have a decent size cash reserve to live off of when the market goes down.  Aiming to have $450K or so in that account that we can pull from if required for the next six years before I can pull from my 401k.

HHI is  $170k now, it was closer to $300K before he retired.[/quote]

Why? If he wants to play it safe, he can always move the money from stocks to a short-term fund within the 401K without withdrawing it and paying taxes. Of course, if the reason for the withdrawal is tax management or Roth conversion, that's a different discussion.[/quote]

DP here. It’s because he doesn’t want to be forced to sell low. It’s not about when he has to pay the tax.[/quote]

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