Retirement planning for the New Millennium
Longevity Risk: The risk of outliving your money.
Interest Rate Risk: The interest that banks pay may not keep pace with inflation.
Market Risk: Stocks, bonds and mutual funds are subject to market volatility.
Time Horizon Risk: As one ages, the less time there is to recover investment losses.
Tax Risk: Congress, state legislatures, and city hall do not guarantee future tax rates.
Inflation Risk: Inflation will cause the purchasing power of money to decrease.
Social Security Risk: The government does not guarantee Social Security benefits.
Pension Risk: Underfunded pension plans can decrease or even end benefits.
Health Risk: Nursing home care can severely shrink assets for surviving loved ones.
Financial Estate Risk: Estate shrinkage from taxes, fees, court costs, and creditors.
Business Risk: No exit strategy for your business, resulting in the loss of its value.