a portion of your portfolio that you know you’re going to spend anyway because again, this is the basic amount of money that you think you need to live. right, so it’s going to have to come out of your portfolio. it’s not like you have the choice to spend it or not to spend it.
so some people would like to guarantee sort of a floor for the amount of money that they have so that they’re secure in the knowledge that if anything were to go wrong, they would always have at least that basic amount of income.
now some people, on the other side, right, you’re going to say, 