Quote:
Originally Posted by qba335i
This should be as a % of your net worth or % of your annual expenses.
I know people that spend over 1M a year and have 4-5M is high quality/short term fixed income assets. This might sound like a huge number, but is a small % of their total net worth.
We usually recommend a few years (5-10) of your total expenses in bonds.
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Not a typical scenario and would be poorly representative of a median... this groups everyone as a whole and provided a median as opposed to average.