Cash on hand or cash flow. Which provides the greatest security?

When people think about investing and saving for retirement do they consider everything possible. Will I have enough money in the bank, 401k or pension to provide the lifestyle I am used to? Do I need to work so I have enough money to pay the bills? What if I make too much money and have to pay taxes?

The question of having enough money is a hard one to answer. Everyone has their own ideas and every investment firm tends to use their own formula. But what is that magic number.

Most people do not answer the more important question which is, How much money do I need each month to continue my lifestyle while insuring against unforeseen losses? Do you have an investment insurance program in place? Have you even considered one?