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Users need a way to track and manage cash equivalents in their retirement portfolios, as there is confusion about how much cash to hold versus investing in other assets.
I'm a bit confused about the information on cash equivalents. (Outside of say 60% stocks/40% bonds) Some say keep 3-5% in cash equivalents while others say keep less because of opportunity lost. What do you all suggest/what do you do? I feel comfortable with 3 years cash, but not sure if that's the smartest course. (SS covers half my expenses)