Rainy Day Fund(s)
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I was born an old soul, preferring adult conversations over play dates with my peers. One conversation I remember my grandmother and mother having went like this: “Well, you know. They didn’t have a rainy day fund, so they lost everything.” In my five-year-old mind I couldn’t understand how a rainy day could be more expensive than a sunny one, but it sounded awful.
This literal interpretation has context today as we watch the devastation in Houston. It also has the intended metaphorical context when we look ahead into retirement. The unexpected storms of life take preparation and sometimes, despite what we have done, it’s not enough.
Today, we are going to talk about the ways to protect your financial assets and documents should a disaster occur. We will also discuss how to be prepared for the unexpected health expenses that will more than likely happen while you’re in retirement.