7 Financial Risks To Avoid
Longevity Risk: Longer Life. Bigger Risk. Watch how living longer could impact your retirement savings in bigger ways than you may imagine. Click here to watch!
Inflation Risk: Watch to see how even modest inflation levels can deflate your purchasing power in retirement. Click here to watch!
Sequence of Returns Risk: Timing is everything. Watch and see how a few years could have a major impact on a portfolio. Click here to watch!
Withdrawal Rate Risk: Worried you may outlive your retirement income? See how much money may be safe to withdraw over time. Click here to watch!
Social Security Risk: Social Security benefits are relied upon by many. See how when you file can make a difference in your future monthly income. Click here to watch!
Healthcare Risk: Even with preparation and planning, healthcare costs can take a toll on your retirement savings. Click here to watch!
Taxation Risk: Using the 3 tax categories for your retirement savings vehicles could leave you with more money later on. Click here to watch!
Bonus Video
Health & Your Wealth: Click here to watch!
REMEMBER THESE IMPORTANT POINTS
Do Not Do It Alone
A insurance strategiest and financial professional can play many roles in helping you build a retirement income strategy. They can help you evaluate product options and build a strong strategy based on your needs and wants. A financial professional can also help you keep an eye on your goals even when headlines may tempt you to make emotional decisions.
Create A Strategy
Your retirement income strategy should be built for you. As a result, it should
consider your time horizon, target retirement income goal, the impact of potential changes in taxes, and your Social Security options. Your financial professional and insurance strategist can assist you in designing a strategy that fits your goals and preferences.
Understand Asset and Tax Allocation
No one can predict the future. Whether markets or taxes, the one thing we know is that no one has a crystal ball. As a result, having a well-diversified approach can help you meet whatever the future brings. By incorporating different asset classes, products, and tax strategies, you can have the flexibility to pivot and adapt.
Keep a Long- Term Perspective
Remember that retirement may last longer than you planned. Therefore, it is critical to follow your strategy, make adjustments as needed, and not get swayed by emotion or tomorrow’s temporary headlines. Keeping a long-term perspective can help you ignore the noise and keep your emotions in check.
Click on the button below to register for the 35-minute webinar explaining more in detail the 7 financial risks to avoid in retirement.