403B contributions
Should I reduce my 403B contributions so that I have more cash on hand and not loosing in the
stock market? I am turning 68 in July and I am still working but may only work to age 70.
Terry Says
As I have said many times, you should have two-three years of living expenses in liquid form, preferably outside your retirement plan, but as well INSIDE –so you are not forced to sell to provide for living expenses. At your stage, if you don’t have that liquidity (chicken money) outside your plan, this might be a good time to suspend contributions and build it up in a bank MM account.
