:

How much cash should a retired person have on hand? The ultimate guide to cash reserves

According to a 2022 Federal Reserve study, a quarter of working Americans have nothing saved for retirement. While it’s crucial to accumulate savings before retiring, knowing **how much cash should a retired person have on hand** is equally important for a stress-free and financially secure retirement. A sufficient cash cushion protects against market volatility and unexpected expenses, helping to ensure your investments are not liquidated at a loss during a downturn.