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What Is The #1 Financial Risk During Retirement And Why Is It A Risk Multiplier?

| November 07, 2018
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What Is The #1 Financial Risk During Retirement And Why Is It A Risk Multiplier?

There are a multitude of financial risks to be considered during retirement, but there’s one risk that is known as a risk multiplier. Before I tell you which risk this is, lets first define what a risk multiplier is. A risk multiplier is risk component that can enhance or multiple the effect of other underlying risks. As a financial advisor, it’s my job to sit down with clients and identify key risks that could disrupt or even derail their long-term retirement plans and develop a plan to address them.

Here is a list of the most common risks many people face during retirement:

  • Market Volatility
  • Inflation
  • Deflation
  • Public Policy Changes
  • Interest Rates
  • Recessions
  • Credit Risk
  • Liquidity Risk
  • Concentration Risk
  • Sequence of Returns
  • Health Care Needs and Costs
  • Withdrawal Rate Risk

 So which risk is the risk multiplier? LONGEVITY RISK  

What is a way to neutralize this risk? Watch the video below

If you would like to have a conversation about longevity risk or any other types of risks that could disrupt your retirement plans, please contact us.

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