Like many terms in retirement planning, “buffer asset” doesn’t have a clear definition. Wade Pfaucoinedthe term by borrowing from the insurance industry. Dr. Pfau states he started using it after seeing cash value life insurance described as a “volatility buffer.” He specifically refers to...
Definition from the perspectives of coastal dynamic systems and processes: In terms of its land part, the coastal buffer zone should be defined as the area that can be reached by seawater. The broad definition should include coastal flooding areas by typhoons and storm surges. In the water part...