About this episode

Andy discusses various options for holding cash and cash equivalents.

Andy discusses the different options for holding cash and cash equivalents (i.e. things that are principal protected, offer some amount of interest and are highly liquid and readily accessible) The options are: Physical bills and coinsChecking accountsSavings accountsCertificates of Deposit, or CD'sMoney Market Mutual Funds or Exchanged Traded Funds that invest like Money Market Mutual FundsMulti-Year Guaranteed Annuities, or MYGA's (but hear why he doesn't fully consider them cash equivalent...

People in this episode

Host: Andy Panko

Topics covered

• cash management
• cash equivalents
• financial planning
• liquidity
• interest-bearing accounts

Keywords

• cash
• cash equivalents
• savings accounts
• checking accounts
• certificates of deposit
• money market funds
• annuities

More episodes of Retirement Planning Education, with Andy Panko

• #201 - Q&A edition...A.I. and financial planning, the "withhold and replace" method of paying taxes, step DOWN in basis, TIPS ladders and MORE! · April 23, 2026 · 58 min
• #200 – 200th episode special edition: my observations about the financial services industry · April 16, 2026 · 1h 7m
• #199 - "Hot topics" edition...Andy and Jonathan Vance talk about opportunities in the current market environment, 2026 tax updates, questions to ask advisors and MORE! · April 9, 2026 · 1h 36m
• #198 - Whether to take a pension as a lump sum or monthly payments · April 2, 2026 · 1h 6m
• #197 - Q&A edition...how often to rebalance, tracking Roth IRA contributions, are RMDs really that bad, paying off mortgages before retirement and MORE! · March 26, 2026 · 1h 11m
• #196 – "Real" person retirement planning chat with Jim Kellerman · March 19, 2026 · 1h 30m

Explore listener stats, chart rankings, contacts and more on the Retirement Planning Education, with Andy Panko podcast page.