LIQUIDITY
REVIEW YOUR NEEDS FOR LIQUIDITY
What is the amount you need to have in the bank for current needs?
How much should be available for future emergencies?
Compare interest rates you earn on your investments with interest rates you can get with a bank account.
How secure are your high interest investments comparing toFDIC Insurance you get on your low interest bank accounts?
Is there an investment strategy that allows more liquidity, lower risk and higher interest?
Case Study
Not Enough Liquidity
Elaine is age 67, single, and just retired. Her $900,000 IRA isinvested in the stock market, and she has $15,000 in the bank. She has no retirement benefits other than Social Security of $2,300 per month. She consulted her advisor about a way to have more liquid funds, however she was not interested to keeping more money in the bank because of very low interest rates. Her advisor recommended her to put some money in a tax-free municipal bond fund. Our RetirementLab revealed that Elaine needs a minimum of $80,000 in available reserves. Analysis showed that the specific municipal bond fund recommended by her broker wasnot a “safe” place to keep liquid assets. The RetirementLab offered an option to increase the liquidity without having to give up the opportunity for these assets to grow significant interest.
If you have questions, concerns, or need help making an informed decision about your future retirement income, ensuring your assets are protected and you never run out of money, we will be happy to review your options with you. Schedule a free, no obligation meeting with one of our financial advisors.
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