About to retire. I want to create a cash buffer of $200,000 to help deal with sequence of return risks.
Question 1: If I currently have a 70/30 portfolio and I sell $200,000 of stocks and bonds for the cash buffer, does the cash (in a money market) count towards my bond allocation?
Question 2: To maintain a 70/30 portfolio, should I take the money out of bonds or cash?