ALL RAINY DAYS AREN’T CREATED EQUAL.
BUT AN UMBRELLA CAN USUALLY HELP.
Lots of people have rainy day money as they approach retirement. But what kind of rainy day are they likely to face?
Maybe it’s just a drizzle, like the difficulty of finding growth (without too much risk) in today’s interest rate environment.
Maybe it’s more of a downpour, like finding out how much of their estate will go to taxes, instead of their children.
Or maybe they’ll face the deluge — the rainiest of rainy days — and need money for long-term care or a terminal illness.