I am retired and would need to sell stocks to pay cash
This is in no way a personal judgment of you, but I'm struggling to understand a financial strategy where one would not have several thousand dollars of cash on hand even for emergency purposes? I'm certainly no financial expert, but I have taken the Dave Ramsey class and that's one of basic tenets. I keep several thousand in a PNC high yield savings account for emergencies (not necessarily a phone purchase!) but I would feel naked without cash on hand.
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