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Your Money: What is the best play for your money right now?

By Beth Pinsker

You might, for instance, look at your retirement or brokerage accounts and find that you have several thousands of dollars in dividends and yields that have not automatically reinvested. You might also have cash on hand in a savings account that has built up past the level you need for a buffer or for an emergency account.

How much cash is too much? While some financial advisers go with a percentage, like 10 percent of your net worth, Adam Grealish, director of investing for Betterment, prefers to look at it more like an equation.

“Make sure expenses are covered, then have a buffer, then an emergency fund, and then, after that, invest for time horizons,” he said.

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This article originally published October 12th, 2018 on Reuters