Shark Tank’s Mr. Wonderful, aka Kevin O’Leary, loves cash flow, so much so that he over-emphasizes its pronunciation. And if cash is king (and Kevin sure thinks so), then cash flow is queen, especially during retirement. Cash equivalent resources can really make your golden years more enjoyable than living under a tight-fisted monetary policy because you can’t spend your monies dedicated to income. At the same time you don’t want your cash money to rot in low yielding passbook accounts that can’t even keep up with the real cost of goods and services. There are some choices to consider for cash flow management to service emergencies, medical deductibles and investment opportunities. Besides the best interest rates credited to your money, principle preservation is a key component in selecting cash management accounts: Transaction Accounts, Savings Accounts, Government Issued Bonds and Fixed Rate Annuities. The various elements of an asset management account may or may not be protected by federal deposit insurance. For example, funds kept in a bank checking account are usually protected by federal deposit insurance. Dollar amounts kept in a money market fund, however, are not protected by government deposit insurance. One thing in life is certain. Things happen.   Read more…