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Gene:I love your story every time I read about it. In 2021, I was not thinking particularly about retirement eventhough I have been preparing for it in the pas few years. However when came to my stocks, I felt I had to sell some after the big 2020 and 2021 rise due to valuation concerns. I can argue that if I had a long term horizon and I did not need to touch that money I shouldn't have sold any but I did and thought I was such a tactician. I did not sell much and I have been against making large changes to my portfolio in a very short amount of time. Also, since I was not retired, I did not want to sell so much to add to my income taxes which I thought was already pretty heavy. My income has been basically a salary (and stock options).If I were in retirement in 2021, I think I would be more willing to sell a bit more than just replenishing my expected 5 years expenses cash cushion. That would give me more cushion and some cash to acquire big ticket items. I would still be careful about not taking too much if I don't need it.For the cash, aside from laddered CDs, what about Treasury bills and notes? Maybe 10K in the I-bonds? what would yield more than 3% over 1 -4 years?tj
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