From Yahoo Finance: 2025-04-06 12:01:00

Retirees face uncertainty in knowing how much they’ll need during retirement. Financial expert Suze Orman advises having 3-5 years of living expenses easily accessible to protect against stock market volatility. This reserve can come from retirement, checking, or high yield savings accounts. Planning for the future is key to financial stability.

Orman warns that retirement accounts are tied to the stock market’s health and can drop unexpectedly. She emphasizes the necessity of having a backup plan to cover living expenses in case of a market crash. By strategically managing one’s portfolio and cash reserves, retirees can safeguard their financial stability during uncertain times. Planning ahead is crucial for retirement longevity.

Read more: Here’s How Much Cash You Should Have Available When You Retire