(I now blog weekly on frugal living, personal finance & earlier retirement at:
I would hate having to look for a job because my retirement income has crapped out on me. Or because some huge unforeseen expense has totally ruined my financial plans and left me in need of immediate extra income. So I've done something about it.
I have reduced my basic living expenses down to $15,000 a year.
I have set up emergency cash reserves to cover one year of my living expenses.
I am maintaining several types of insurance to make sure some catastrophe doesn't wipe me out financially.
I have structured my investing to throw off dividend income to cover my living expenses without having to dip into my principal. So it can be held back as another last-ditch reserve.
All this I discuss in much greater detail on my RetiredToWin.com main blog in a post entitled "My Six Lines of Financial Defense."
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* My Financial Independence Key:
*** How I Do Frugality Without Sacrifice:
**** A Discretionary Fund, Not a Discretionary Budget:
***** My High Yield, High Risk Investing:
****** My Unrecoverable Cost of One-More-Year:
******* My Stash-Shielding Insurance:
******** Making Over My Reserves Plan: