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Are there any Financial Planners or Financial Advisors in this forum?

We do have a few professionals who post on the Foolish boards. CABob and JAFO31 come to mind. I suspect they can help you find a financial advisor in your area.

If you plan to retire on these funds, Fools usually suggest you do an estimate of your annual living expenses including taxes, and then set aside a minimum of five years living expenses in a laddered maturity bond portfolio. In your case, tax free muni bonds make sense (but with some municipalities going bankrupt these days, pick them carefully).

Yields on money markets are so low these days, I think the bond ladder makes much more sense. If interest rates rise, market value of bonds will decline, but provided they don't get in financial trouble, the bond still pays face value when it matures.

The five years is intended to allow you to invest heavily in equities for max returns and protection from inflation. But the interest on these funds and the maturing bond each year provides a buffer that keeps you from being forced to sell equities in a down market.

You can always make it larger if you are more conservative, but the basic idea is sound.
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