Hubby and I have only recently discovered MMM but we've actually been working toward early retirement for awhile now. Since discovering MMM we've moved our retirement up by 2 1/2 years because we now realize all we need is enough - and we'll have enough by the end of 2015 instead of the middle of 2018. Hooray! :) At that point, we will be moving into our beautiful beach condo on the Gulf of Mexico (that will be paid off in July 2015) and living life on our terms for a change. We will be 51 and 52 years old.
Our question is about what to do with some of the cash we will accumulate between paying off the condo (our only debt) and the end of the year when we retire. We expect to have about $45,000 by then.
We will both receive pensions that will more than cover our monthly living expenses but we want to keep about $20,000 completely liquid and easy to get to just in case we needed it for something. We both have 401Ks, too, but won't access those until 59 1/2 (and only then if we need to). That leaves us with $25,000 that we don't expect to need and we definitely want to earn interest on it (we want to earn interest on the $20,000, too, of course!). So we've thought about mutual funds and I have one I really like (Homestead Funds... look into it), but we thought you guys, being the great resource you are, might have other ideas, too.
Would love to hear what you think! Thanks for your help.