This suggestion has played to mixed reviews. Some clients embrace the idea and others are reluctant to take money from their portfolio earning up to 20% (at least this year!) to put it in a money market account earnings 0.05%. Of course, the real issue is not return but it’s safety and peace of mind.
I was interviewed on this topic by Charles Passy of the Wall Street Journal and the story, “Back to Basics”, appeared in the December 3rd edition. You can read more here.