Ask Terry Questions Major $ invested, now what?

Major $ invested, now what?

By Terry Savage on August 21, 2019 | Investments

61 yrs of age, still working, have 401k, own house, no credit card debt. Where would you invest any $ outside the above mentioned.

Terry Says

I’d ask myself if I had enough “liquidity” — money to ride out a  stock market decline or job loss.  You don’t want to be forced to withdraw early from your retirement plan (which should now be a bit more conservatively invested) and so you need a “cushion” of money in the bank (Yes, earning very little) to be able to handle an emergency.  I’d suggest at least one year’s after tax income in the bank.

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