5 Retirement Risks to a Retirement Plan

19/07/2024 23 min
5 Retirement Risks to a Retirement Plan

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Episode Synopsis

Retirement should be a time of relaxation and enjoyment, but it can quickly become a period of stress if you haven’t addressed the biggest risks to your financial security. Today we’re going to identify the five biggest risks that could derail your retirement plan and discuss ways to combat these risks through planning. Understanding these five major risks can help ensure that your retirement stays on track and you’re able to enjoy it as much as possible. Join us for a deeper dive into each risk and practical advice on how to safeguard your financial future. Here’s what we discuss in this episode:0:00 – Intro 2:08 – Sequence of Returns Risk8:32 – Longevity Risk11:00 – Inflation Risk14:40 – Long-term care Risk18:00 – Tax Risk20:38 – Bonus RiskLearn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51