Retirement Insurance

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Retirement Insurance
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The Big Retirement Insurance Planning Secret  
Let's suppose you've had enough of your job and
want to retire - tomorrow! What would it take?
How could you satisfy yourself that you have the
financial wherewithal to walk away from the
security of your pay check? Before you read
ahead, humor me. Play the game out in your head.
I don't want to know if you could walk away, just
how would you know if you could? What did you
come up with? Does trying to grapple with such a
nebulous issue spread over so many years in the
future seem overwhelming, impossible? I will let
you in on a big secret. This is really a very
simple question.
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If you have a great deal of confidence in your
Retirement Insurance plan, you have probably
already figured out what I am about to tell you.
If you have no idea what it will take or when you
will get there, read on... Financially,
Retirement Insurance planning boils down to three
and only three things cash flow, cash and
insurance. If I have these three things, in
sufficient quantities, for an indefinite period
of time, I am free to ride off into the
sunset. Really? Could it be that easy? Let's
examine them one at a time... Cash flow - While
you are working, your cash flow comes from your
job or your business. When you retire, your cash
flow must come from your assets.
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The number one job of a retirement portfolio is
to produce the cash flow necessary to fill any
gap between your retirement expenses and
guaranteed sources of income. Cash - Every
household needs a stash of cash held in a readily
accessible, risk-free parking place that can be
drawn on in the event of an emergency. Ours is
held mostly in interest-bearing savings accounts,
CDs and ultra-short bills, bonds and commercial
paper. This particular bucket of cash is known as
your emergency fund. The emergency fund has a
single job. It is to smooth out the ups and downs
of markets and the economy. While you are
working, that means the emergency fund is used in
the event one or both spouses lose their job,
became disabled or otherwise can't work. In
Retirement Insurance, the job of the emergency
fund is to smooth out the inevitable fluctuations
in investment income.
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To know more about Retirement Insurance
https//www.bajajallianzlife.com/retirement-plans/
retirement-plans.jsp
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