Andy discusses the different options for holding cash and cash equivalents (i.e. things that are principal protected, offer some amount of interest and are highly liquid and readily accessible)

The options are:

Physical bills and coins
Checking accounts
Savings accounts
Certificates of Deposit, or CD's
Money Market Mutual Funds or Exchanged Traded Funds that invest like Money Market Mutual Funds
Multi-Year Guaranteed Annuities, or MYGA's (but hear why he doesn't fully consider them cash equivalents)

Links in this episode:

FDIC insurance calculator - https://edie.fdic.gov/calculator.html
https://www.treasurydirect.gov/
Tenon Financial's May 2026 Newsletter/blog - Options for holding cash and cash equivalents

Tenon Financial monthly e-newsletter - Retirement Planning Insights
Facebook group - Retirement Planning Education (formerly Taxes in Retirement)
YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)
Retirement Planning Education website - www.RetirementPlanningEducation.com

To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com