Retirement Risks

A good retirement income plan should consider the following retirement risks, among others, as a way to “stress test” your plan.

  • Inflation Risk (Lost Purchasing Power)
  • Longevity Risk (Outliving Your Money)
  • Investment Management Risk (Market Volatility & Emotions)
  • Liquidity Risk (Money Not Readily Available)
  • Early Death of a Partner (Lost Income Sources)
  • Increased Need for Health Care
  • Extraordinary Expense Due to a Long-Term Care Event
  • Sequence of Returns Risk (Timing of Withdrawals)
  • Lack of Knowledge of Expense Needs and Limits (Bad Budgeting)

Solutions to minimize these risks and increase chances of a more successful retirement are available. Eslick Financial can show you how.