A $700,000 Stock Portfolio Lost $146,000 in Five Days, Showing Exactly Why Retirees Need Cash

Paying off your mortgage and entering retirement debt-free is a major accomplishment. It reduces monthly expenses and eliminates interest payments that drain your portfolio. But debt freedom alone doesn’t guarantee financial security. Without adequate cash reserves, even a well-funded retirement can unravel when markets drop or unexpected expenses hit. A recent Reddit discussion captured the ... A $700,000 Stock Portfolio Lost $146,000 in Five Days, Showing Exactly Why Retirees Need Cash