temsike,Congrats on your retirement!I voted option 2 for you based upon the assumption you are using only mutual funds/ETFs, etc to invest in.The 15% cash may be kind of high as a quick cash reserve. A 10% level, making a 50/40/10 might be more reasonable.We retired at 55 and do not keep much cash/money market on hand, less than 1%. I can do that because I am able do an immediate funds transfer between my taxable mutual fund investment accounts and our checking/savings accounts. I do not incur any fees for the sale or transfer. I can also setup transfers in advance to occur days or weeks in later.I do it this way because I am willing to accept some down-side short-term risk on these funds.In the end, you need to do what is comfortable for you and allows you and your wife to sleep at night.Gene
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