{"id":583,"date":"2021-03-11T07:23:45","date_gmt":"2021-03-11T12:23:45","guid":{"rendered":"https:\/\/paddenfinancial.com\/?p=583"},"modified":"2021-03-11T07:24:27","modified_gmt":"2021-03-11T12:24:27","slug":"barrons-retirement-cash-stash","status":"publish","type":"post","link":"https:\/\/paddenfinancial.com\/barrons-retirement-cash-stash\/","title":{"rendered":"Quoted at Barron&#8217;s: How a &#8220;cash stash&#8221; can offer retirees peace of mind"},"content":{"rendered":"<p>A recent article by Neal Templin at <em>Barron&#8217;s<\/em> spotlighted how having a &#8220;cash stash&#8221; can provide retirees with peace of mind in an era of gyrating markets. In the article, recent retiree and Padden Financial client Tim McDermott shares how this advice lets him sleep well at night:<\/p>\n<blockquote><p>When the market crashed last spring amid coronavirus fears, retiree Tim McDermott didn\u2019t fret.<\/p>\n<p>The 58-year-old, who retired in November 2019 after running a derivatives exchange, keeps more than 40% of his assets in cash and near-cash investments.<\/p>\n<p>\u201cWe could probably go 10 years without selling any stock,\u201d says McDermott, who lives in suburban Chicago. \u201cI feel pretty comfortable when I go to sleep.\u201d<\/p>\n<p>McDermott is among retirees who carry cash to protect themselves from market gyrations. \u201cI want people to live the lives they\u2019ve always dreamed of,\u201d says Sheila Padden, McDermott\u2019s financial advisor.<\/p>\n<p>\u201cIt\u2019s hard to do that if you\u2019re worrying about the market all the time.\u201d<\/p><\/blockquote>\n<p><a href=\"https:\/\/paddenfinancial.com\/wp-content\/uploads\/2021\/03\/barrons-march6-2021.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Click here to view a PDF of the full <em>Barron&#8217;s<\/em> article.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent article at Barron&#8217;s spotlights how a Padden Financial client benefits from having a &#8220;cash stash&#8221; for peace of mind amid gyrating markets.\u00a0 <a href=\"https:\/\/paddenfinancial.com\/barrons-retirement-cash-stash\/\" rel=\"nofollow\">[More]<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[68,69,71,70],"_links":{"self":[{"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/posts\/583"}],"collection":[{"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/comments?post=583"}],"version-history":[{"count":0,"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/posts\/583\/revisions"}],"wp:attachment":[{"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/media?parent=583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/categories?post=583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paddenfinancial.com\/wp-json\/wp\/v2\/tags?post=583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}