Best way to allocate cash in a $1.4 million retirement portfolio

A retired couple managing their own money sit on a large pile of cash and wonder where it should go to keep things simple and steady. This piece uses their situation to explore a question many do-it-yourself retirees face: how much to hold in fixed income, and how to draw an income without being forced to sell stocks at the wrong moment. The reframing at its heart is worth sitting with, that volatility on its own isn't the real danger, it becomes risky once you're pulling money out during a downturn. From there it looks at the idea of keeping a few years of spending in safer assets as a bridge, and at trimming a scattered collection of accounts into something one spouse could manage alone if needed. It's a sensible read for couples handling their own portfolio in retirement.