Art Cambridge Financial
Cash for life. 

How much money do you need for your cash for life?
How can you make sure you don't outlive your money?
When is the right time to turn on your cash for life?

These big questions have no absolute right answer, but you can make good cash for life decisions with good planning. 
  
Many of my clients were protected from the recent 2008-2009 market crash by having retirement assets invested in fixed guaranteed annuities. Cash for life streams were also protected for many clients by guaranteed monthhly annuity payouts.    

The above questions up are very common and can cause considerable worry to many retirees or potential retirees with both adequate assets or more limited assets. The best thing to do is the math on where you are now (age assets liabilities, annual cash flow ) and where you want to be in the future (age assets liabilities, annual cash flow needs). The biggest problem is that you know with certainty where you are now but you cannot say with certainty where you will be in the future. Some facts to think about here.

Probability of a house fire 0.5%
Probability of a car accident 7%
Probability of a man living to age 85 - 68%
Probability of a woman living to age 95 - 40%   

Source Jonathan Clements "Getting Going How to Make Sure Your Money Lasts as Long as You Do"Wall Street Journal Oct 24,2006 

Art tip 
How can you safely protect your retirement funds?
The recent market collapse of 2008-2009 highlighted the over exposure of many retirement investments in the stock and mutual funds markets. 
The answer to this question is to fully understand the balance of risk money and safe money investments.
The link below takes you to a good reference website that defines safe money investments and risk money investments.
 www.safemoneyplaces.com 

The mylifestageplan cash and asset planner is a great start point to get your financial planet in the right orbit for the future. Just click the link below for an extract to plan 2010-2015

The real value of the planner  is its ability to distinguish  green (positive cash builders) and red (negative cash vacuums) and what you need to do to cut debt and costs in order to build assets. 

With the recent market crash of 2008-2009 many potential retirees have had to postpone retirement plans in order to build back a stronger asset base.The market and housing asset crash brought home the market reality of the need for safe money assets when approaching and living through retirement.