I'm about to talk through the different options for holding cash and cash equivalence in this

the 203rd episode of the Retirement Planning Education Podcast.

Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs,

employer retirement plans, taxes, Social security, Medicare, portfolio withdrawal strategies,

annuities, estate planning, and much more. And now here's your host, Andy Panco. Hello, everyone,

welcome back. Thank you guys always for listening. Today we're going to talk about cash. What kind of cash

you ask? Not Johnny Cash. Cash like money and cash equivalence, things that aren't cash per se, but have a lot of characteristics of cash and how they sort of act and work and what they can do and not do. So I will talk through those different options. This won't be a truly extensive list. I guess other people can come up with

things that are arguably cash equivalents, but this list covers the things that I think are the main

ones, not to say there's not others you can potentially make a case for, but I think most of you

listening and others in the industry will agree. This is basically the list for for cash and cash equivalents before

we do though singing in the shower is all fun in games until you get shampoo in your

mouth then it becomes a soap opera and my big goofy smile moment of the week

is the day this comes I'm recording it like a two weeks in advance but the

day this episode comes I'm recording it like a two weeks in advance, but the day this episode comes out,

Thursday, May something, May 7th, 2026, I will be flying back that morning from a conference in Orlando

called Horizons, which is the second year this is happening. It is a retirement planning focus

conference hosted by, run by the American College of Financial Services, where they get together a whole bunch of big names, big people.

I hate the word thought leaders, but let's say thought leaders in the retirement planning industry, names that many of you who are big into following this stuff have heard of. And there's various presentations and content sessions and breakouts and discussions and all things retirement planning.

And I was graciously asked to present one of the sessions and co-host or whatever, co-present a panel.

The session I presenting, or I guess presented by time you hear this,

is about Roth conversions. And it's all about the analysis behind Roth conversions and why

it's impossible to quantify or know the real value, if any, of what conversions may or may

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