Thinking about retirement can be daunting! It is difficult to plan for something that may not start for many years and can last multiple decades. Nonetheless, it is very important to create a realistic strategy for funding your retirement that balances current financial needs with your expected future retirement needs.
Click here to view a sample Retirement Plan.
At Cornerstone Wealth Management, we have identified “12 Risks in Retirement” that we consider when building a retirement plan. Our clients find comfort knowing that we take into consideration each of these retirement variables, as it relates to their personal life, and managing these risks may offer a better chance for retirement success. The retirement risks are as follows:
- Excess withdrawal
- Stock market volatility
- Asset allocation
- Sequence of portfolio returns
- Medical expenses
- Personal or other event