I am not a fiduciary and not giving financial advice

Are you talking about pulling cash from checking and savings? That is the way I read it. You shouldn't have to, as those are cash accounts and not investment. If you think there is going to be a bank collapse, I don't know what to tell you. I pulled around $10k to keep cash in my safe thinking that if there was a short term run on banks, I wouldn't have to worry about it. It is not like the 20s and 30s, you should still be able to swipe your card for transactions.

If you are talking individual stocks or retirement account mutual funds: If in stocks, it is based on your individual tax strategy. You can sell now, reap the profits, and the taxes (before Slo Joe raises the rates). Or you can wait for a crash, sell at a loss and get a reduction in your taxable income. If in 401k/IRA, you can rebalance your account into 100% Money Market, which is what I did. There is no tax penalty here, as the funds remain within your retirement account. I also have a brokerage IRA, and sold some stocks at quite a profit - but they automatically stay within the fund as well, and I also will not incur a tax unless I withdraw the funds to my bank account.

I am not a fiduciary and not giving financial advice

Are you talking about pulling cash from checking and savings? That is the way I read it. You shouldn't have to, as that is a cash account and not investment. If you think there is going to be a bank collapse, I don't know what to tell you. I pulled around $10k to keep cash in my safe thinking that if there was a short term run on banks, I wouldn't have to worry about it. It is not like the 20s and 30s, you should still be able to swipe your card for transactions.

If you are talking individual stocks or retirement account mutual funds: If in stocks, it is based on your individual tax strategy. You can sell now, reap the profits, and the taxes (before Slo Joe raises the rates). Or you can wait for a crash, sell at a loss and get a reduction in your taxable income. If in 401k/IRA, you can rebalance your account into 100% Money Market, which is what I did. There is no tax penalty here, as the funds remain within your retirement account. I also have a brokerage IRA, and sold some stocks at quite a profit - but they automatically stay within the fund as well, and I also will not incur a tax unless I withdraw the funds to my bank account.