Pixy writes.<< There are many theories as to the "appropriate" allocation for those already retired. I personally don't want any money I know I will spend within five years in the stock market, but I want 100% of that which won't be used for five or more years in stock. >><< So who said five years of income has to be in a money market fund or CD? I might keep one year's spending money in a money market fund, but the other four would be in short-term to intermediate-term bonds, treasuries, etc., to garner the relative safety with a slightly higher return. >>At Dow dividend rates 12 k to 15 k will be thrown off in dividends. Additional filler of 5 to 8 k means almost nothing is mandatory in money markets or treasuries. I'm betting the account mix is already throwing off more than 20 k cash in dividends and interest each year. I do believe in maintaining plenty of dry powder in the form of money market cash but it is primarily in hopes of a market decline or crash that will present opportunities to purchase.Bill Stanley
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