In the "13 retirement steps" on this site, a suggestion for asset allocation is given. My question is if one needs to complete a step, before going to the next one, i.e. for example, if (1) any money one needs in the next year should be in cash, is let´s say 60,000 USD, do I have to have this first, before going to step 2? Subsequently, in step (2) any money you need in the next 2 - 5 years should be in a safe income investment, then needs 5 x 60,000 = 300,000 USD before going to step (3)? Step 3 is the stock market where one puts money not needed in the next 10 years. Comments please.
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