You face risks every day and in every stage of life. But retirees face some unique challenges that are important to talk about and plan for. In today’s episode, Liz and Marc explore the 4 risks unique to retirees, their potential impact on your financial future, and what steps you can take to prepare.
Here’s some of what we discuss in today’s show:
- Accumulation vs. decumulation
- Why the timing of market returns can impact your nest egg in retirement
- The risk of outliving your savings
- How tax strategies can help minimize what you owe and maximize what you keep
- Having a plan for unexpected expenses, like healthcare costs, natural disasters, and more
The article that inspired today’s episode:
https://www.advisorperspectives.com/articles/2023/01/03/the-four-unique-risks-in-decumulation
Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube
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