Take this simple step as you approach retirement

The article emphasizes building a cash cushion of one to two years' portfolio withdrawals before retirement to serve as a buffer for unexpected early retirement or expenses. It recommends structuring a 'Bucket 1' cash reserve alongside high-quality bonds (Bucket 2) and equities (Bucket 3), while considering sources like Social Security or pensions to offset living expenses. Tax strategies for holding cash in taxable or tax-sheltered accounts are also discussed.