R2d2t2 asks:<<I am retired and can live comfortably(the style I want to live) on my pension and ss. everything I own is paid for, I also have investments that I do not need to contribute to my style of living. do I really need the five year cushion? I hope I have not given the impression that I am wealthy, because I am not. >>IMHO if you're living comfortably without having to draw anything from your portfolio, then you don't need the cushion save for a three to twelve-month (your choice) pot to take care of any emergency spending such as that I experienced last Christmas. (See "Stuff Happens" at http://www.fool.com/retirement/retireeport/2000/retireeport000110.htm )Regards..Pixy
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