Summary of Retirement Risks
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Summary of Retirement Risks
Life is full of risk from start to finish, but those of us in retirement face particular challenges, primarily based on our decreased earnings, coupled with the uncertainty of how long we will live. Some of these risks we have examined include longevity risk, healthcare costs risk, long-term care risk, inflation risk, and investment risk. While we cannot avoid these risks, we can prepare for them; and of course, understanding is a prerequisite to preparation.
Practical Ideas I Can Start With Today
- Evaluate where I stand regarding my exposure to the various retirement risks: longevity risk, healthcare costs risk, long-term care risk, inflation risk, and investment risk.
- Find a trusted investment professional to help me manage my risks.
- Investigate long-term care insurance from a sound company.
What you have learned
- Longevity Risk
- Healthcare Costs Risk
- Long-Term Care Risk
- Inflation Risk
- Investment Risk