Bob Rinker, Block Island, America discussed on Bob Brinker's Money Talk

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Is money job well the beaches of waikiki that the shores of block island sound is america's monte program money tar bob rinker along with you and we thank you for joining us it is great to have you with us let's get you the on the line listening to kogo radio san francisco hello dirty thank you for taking my call in so i just wanna ask now so foul i've been invested the long tell him um into sultan include the mutual sod that i'm thinking now maybe to put the longterm um game in two might daily expenses one that you state you know full cool having a day for daily use you know for the yearly youth i think liquidity certainly duty and i thank you for calling i think liquid disease is valuable and when i see liquidity i mean you certainly wanna how if you possibly can do it and if that's the way to help do it that's fine certainly wanna have money available for example you wanna have you required minimum distribution money if you have any of those types of accounts have the are indeed you want to have the money available money market funds are fine for that purpose as a holding point for example until you take it out at the end of the year uh certainly i like the idea of having a years living expenses in advance so you're not at the mercy of the market in terms of generating that kind of thing and i think that it makes sense especially in retirement it makes sense to have your income your dividends your interest capital gains coming in in such a way that it provides liquidity for you because it can provide for withdrawal at a given rate such as the four percent that we suggested be considered and it can also required acquire additional liquidity for the portfolio so that you have that year ahead in living expenses so for those reasons i do like that idea and i think it makes good sense money.

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