Managing the risks that retirees face is critical to the success of their retirement plan. Identifying, prioritizing and developing strategies to address them are a basic tenet of financial planning. These risks evolve over time, and planning for them is just as important for retirees as it is for younger workers.
Some common risks that retirees face include outliving assets, unknown health care costs, excess portfolio withdrawals or poor market performance, a long-term or critical illness, and the untimely death of a spouse, to name a few. Others, such as the transfer of a family business, or planning for a special needs child or grandchild may present more specific opportunities or challenges.
A thoughtful analysis and comprehensive strategy focused on how best to avoid, mitigate, transfer or retain various retirement risks will provide clarity and make otherwise difficult decisions much easier.
Our risk management services include expert guidance in the following areas:
- Comprehensive risk analysis and prioritization.
- Analysis of the impact that various risks may have on your current and future planning.
- Property & Casualty Insurance analysis.
- Life and disability insurance planning.
- Long-term care planning.
- Elder care and estate preservation.
- Analysis of the role of annuities to provide guaranteed income.