Is there a certain balance I should keep in a checking account when my retirement accounts are set?

I am four years away from retirement and I already have enough income for retirement. I have a lot of money in my checking account. Is there a certain balance I should keep in a checking account when my retirement accounts are set?

Banking, Retirement
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October 2018

There is no magic number here.  I'd likely have emergency funds in checking and any foreseeable expenses coming down the pipe line that are above and beyond your retirment income.  For instance, if you know you are going to be needing a new car or special vacation I'd go ahead and put that in checking/savings.  Quite frankly all of these cash reserves I'd put into a high yield savings account like one at live oak bank or synchrony.  Then I'd invest the rest into a non retirement investment account to be honest.  If you were going to force a number in my head I'd have like $20,000 sitting in traditional checking account, the rest in savings for the known expenses, and go invest the difference.  Hope that helped. 

September 2018
September 2018
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September 2018