X. You shall insure your ability to make money11 of 12Going through the retirement-planning process can become moot if catastrophe interrupts your ability to make, and therefore save, money."Insure your life and your ability to earn a living through disability," Kuhn says.The amount you'll pay for insurance will be based on your age, occupation and income, but you can buy as much or as little insurance as your budget will allow."If you have a budget, you'll know how much you can set aside. Whatever that buys you, it's better than not having anything at all," says Kuhn.« Back to Company Retirement Plan. Related Articles:Build a secure retirementRating financial advisersStudy financial plannersBuying mutual funds: load or no-load?Related Links:Disability insurance tipsSaving for an emergencySavings plan for young folksRoth IRA as emergency fund advertisement
Going through the retirement-planning process can become moot if catastrophe interrupts your ability to make, and therefore save, money.
"Insure your life and your ability to earn a living through disability," Kuhn says.
The amount you'll pay for insurance will be based on your age, occupation and income, but you can buy as much or as little insurance as your budget will allow.
"If you have a budget, you'll know how much you can set aside. Whatever that buys you, it's better than not having anything at all," says Kuhn.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
