Good Morning everyone.

A debate me and the OH are having at the moment. If you have diversified retirement savings (pensions & investments), but which do currently include a fairly large proportion of cash, at what level would you set your "Emergency" cash floor, that you won't (try not to) go below?

Would you spend it all first and leave say 1,2 or 3 years of expeniture available as cash before you start drawing from other investments. Or would you keep a bit more in cash, and draw-down profit from investments (say by converting to INC from ACC) to suppliment your outgoings.

Some market slumps can take 10-15 years to recover would you try and cover that whole period with cash??, so you can give your investments time to recover?