Suze Orman: Here's How Much Cash You Should Have Available When You Retire

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Suze Orman: Here's How Much Cash You Should Have Available When You Retire

^{Published on 2025-02-17 10:01:09 - MSN}

It's hard to predict just how much money retirees will need to thrive in the golden years. There are health costs, housing costs and groceries to consider -- and that's without budgeting for

The article by Suze Orman on MSN Money discusses the importance of having sufficient cash reserves when entering retirement. Orman emphasizes that retirees should have enough cash to cover at least 12 months of living expenses. This recommendation is based on the need for financial security and flexibility, especially in the face of unexpected expenses or market downturns. She advises that this cash should be easily accessible, suggesting that it be kept in a high-yield savings account or money market funds to ensure liquidity while still earning some interest. Orman also highlights the psychological comfort of having cash on hand, which can reduce stress and allow retirees to enjoy their retirement without the immediate pressure of financial instability.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/suze-orman-here-s-how-much-cash-you-should-have-available-when-you-retire/ar-AA1yGX9K ]

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