This cushion of value is important because it gives
you a buffer against unexpected calamities — as well as the much more mundane problem of being overly optimistic.
Not exact matches
Definitely the right move to increase your
buffer and self insure
against most of life's
unexpected expenses.
In retirement, your
buffer might need to be bigger because the lack of wage income takes away a hedge
against unexpected expenses.
The Senior Financial Stability Index, developed by Brandeis University, reveals that three out of four American senior citizen households are in an «economically precarious position, with little or no
buffer against financial ruin should they be faced with an
unexpected illness or other traumatic life event.»
Consequently, diversifying bond holdings to
buffer against rapid and
unexpected changes in interest rates is an obviously mindful approach.