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Retired: Can You Afford the Risk? The greatest fear of most retirees is outliving their money. This "longevity risk" means if you spend too fast you realize your worst fear but if you use your money too slowly you deprive yourself and your loved ones of an optimum retirement. Just knowing the risks you face in retirement can help prepare for these new challenges. One desirable approach to allay your fears is to prepare a retirement plan that structures your money to safeguard your principal with investment risks you can afford, establishes an emergency fund if you have enough, minimizes your tax burden, and provides a lifetime income plan you can't outlive. Of course, to formulate this plan you'll need knowledge about the options available, the dedication to stay current on the many changes that will occur during your decades of retirement, and the foresight to steer
clear of risks you can't afford. The smart retirees learn as much as they can about retirement investments, realistically assess their ability to shoulder risks and then engage the services of a financial professional to help them design a plan and monitor it in motion.
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Ask Us AnythingWe can help. Have questions? Call or email. Fitch Wealth Management Group
fitchwealth@retirerx.com |