Build Your 'Cash' Account Before Retiring

If you’re going to retire in the next few years, you’ll want to start thinking about making some changes to your investment portfolio. And one area you may want to look at is whatever type of cash account you might have – because, when you’re retired, the amount of cash you have readily available may be even more important than when you were working.

Your cash management account could pay a slightly higher rate than a typical savings account, as well as serving as a holding place for funds that may eventually be transferred to other investments. Furthermore, it can provide you with these benef...