Risk Mitigation
We’ve all heard that old axiom that a penny saved is a penny earned.
Sometimes we need to focus on how we are going to produce investment returns and get money in the door.
But it’s also important to spend time thinking about how we’ll keep that money, and block negative events from causing us to spend it on things we didn’t plan (or want) to spend it on.
We work with clients to erect defenses against four main categories of loss exposure:
Those arising from portfolio over-concentration, due to the ownership of a privately-held business
It would be very unusual to see a case where at least one of these categories does not represent a risk, and often it will be more than one. As such, consideration of these matters should be thought of as a required part of a comprehensive planning exercise; and putting in place the proper defenses, where these risks are found, part of a complete Retirement Income effort.
We’ve all heard that old axiom that a penny saved is a penny earned.
Sometimes we need to focus on how we are going to produce investment returns and get money in the door.
But it’s also important to spend time thinking about how we’ll keep that money, and block negative events from causing us to spend it on things we didn’t plan (or want) to spend it on.
We work with clients to erect defenses against four main categories of loss exposure:
- Those arising from investment risk and market fluctuations
- Those arising from health issues (both medical and long-term care costs)
- Those arising from family connections
Those arising from portfolio over-concentration, due to the ownership of a privately-held business
It would be very unusual to see a case where at least one of these categories does not represent a risk, and often it will be more than one. As such, consideration of these matters should be thought of as a required part of a comprehensive planning exercise; and putting in place the proper defenses, where these risks are found, part of a complete Retirement Income effort.