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In conclusion, managing excess cash in retirement accounts doesn’t have to remain a passive strategy. With options ranging from stable value funds to individual bonds and leveraging a Roth IRA for emergencies, retirees have the tools required to optimize their financial outcome. Prioritize paying down high-interest debts and delay Social Security benefits to further bolster financial security.
Thus, if you find yourself with a "big pile of cash" and you're unsure of where to put it, know that there are strategies available, and with some effort, you can make that money work for you effectively.